Vavakuttan Ltd operates a large scale lavender farm supplying companies producing high quality essential oils in the Man

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Vavakuttan Ltd operates a large scale lavender farm supplying
companies producing high quality essential oils in the
Manama region. On 30 June 2012 the farm was independently
appraised and the lavender farm valued at $500 000. On 31 October
2012 lavender seed flowers that had a fair value less costs to sell
of $100 000 were harvested and sold on the same day for the same
amount. Picking costs and delivery charges to point-of-sale was $10
000. On 30 June 2013 the farm was valued at $550 000. What is the
net profit for Melinda and Lynne Ltd on 30 June 2013?