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Harry has been unable to calculate his business' profit or loss for the year ended 31 December 20X8 as fire destroyed most of his accounting records. He has, however, been able to provide the following information.Net assets at 31 December 20X7 were $23,000 and $32,500 at 31 December 20X8.He introduced capital during the year of $4,000 cash.He took cash drawings of $2,500 and goods with a selling price of $800; the cost of the goods was $750. What was Harry's profit for the year ended 31 December 20X8?