Annie is a sole trader who does not keep full accounting records. The following details relate to her transactions with credit customers and suppliers for the year ended 30 June 20X6:
| $ | | Trade receivables, 1 July 20X5 | 130,000 | | Trade payables, 1 July 20X5 | 60,000 | | Cash received from customers | 686,400 | | Cash paid to suppliers | 302,800 | | Discounts allowed | 1,400 | | Discounts received | 2,960 | | Contra between payables and receivables ledgers | 2,000 | | Trade receivables, 30 June 20X6 | 181,000 | | Trade payables, 30 June 20X6 | 84,000 |
What figure should appear for purchases in Annie’s statement of profit or loss for the year ended 30 June 20X6?
A. $325,840
B. $330,200
C. $331,760
D. $327,760
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