Delta Company Reports the Following Balance Sheet Information for 2014

Multiple Choice

Delta Company reports the following balance sheet information for 2014.
1 January 2014 31 December 2014
Assets $60 000 $70 000
Liabilities $12 000 $14 000
Assuming the capital contribution made by the owners during 2011 was $3000 and withdrawals were $12 000,profit for 2014 must have been:

A) $17 000.
B) $14 000.
C) $16 000.
D) $12 000.