During the Past Year,Fritz Spent $3,000 to Take a Cruise,bought

Essay

During the past year,Fritz spent $3,000 to take a cruise,bought stock costing $5,000 that by year-end had increased to $6,000,and paid off a credit card of $3,500.What was the net effect on Fritz's net worth of these transactions?
(a)$11,500
(b)$12,500
(c)$8,500
(d)$1,000