Example 7 chapter 7

Hi Mike,

First of all a big thanks for getting our 2012 stuff out so early. Massive thank you for getting me through F4 (and F5) too.

In your example 7 chapter 7 – Page 41 on 2012 notes – Can you tell me if it’s just a typo and the question should read $58,000 or if not can you tell me where the other $3,000 comes from?

So sorry but I have gone over this a couple of times and am plain and simply clueless as to where the $3k comes from.

Thank you so much for reading.
Debbie.