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| Jack is a sole trader and had assets of $223,700 and liabilities of $52,500 on 1 January 20X1. During the year ended 31 December 20X1 he paid himself wages of $640 per month. At 31 December 20X1, Jack had assets of $264,230 and liabilities of $69,750, and had made a profit of $13,490. How much capital did Jack introduce into his business in the year ended 31 December 20X1? A $7,890 B $17,470 C $29,090 D $44,450 |