Calculate the profit available for appreciation?

Jide and Haruna contribute N12000 each as capital and share profit equally. Jide draws N1500 and Haruna N1700 half-yearly. The profit for the year is N10000. Jide receives a salary of N2000.

A. N12 000
B. N10 000
C. N8 000
D. N7 000

Correct Answer:

Option C – N8 000