Adjust draft profit for bad debt write-off, provision maintenance, and asset sale gain Steps:

• Record gain on machine sale: sale price $4,000 - book value$3,500 = $500 increase to profit.
• Write off irrecoverable debt of $360: if direct, -$360 to profit; if against existing provision, no immediate impact but requires year-end adjustment.
• Maintain provision at 5% of current receivables: calculate required provision = 5% × (total receivables - $360 written off), then adjust from prior balance (profit impact = change in provision).
• Net profit = draft $47,500 +$500 gain + bad debt/provision adjustment.

Not enough information: Total receivables not provided, so cannot compute required 5% provision or exact profit impact.

Final answer: Not enough information.