On 1 September 20XX,Beuno Vista Ltd Purchased an Established Forest $\$ 850000$

On 1 September 20XX,Beuno Vista Ltd purchased an established forest for a total cost of $2 000 000.During the year ended 30 June 20XX,Beuno Vista spent $300 000 on maintaining the forest and $100 000 on office administration costs.In March 20XX,the company cut logs from the forest that had an estimated net realisable value of $800 000.Costs of logging were $150 000.The logs were sold in June 20XX for $\$ 850000$ .On 30 June 20XX the forest had an estimated net realisable value of $1 300 000.The total profit (or loss) from operations for the year ended 30 June 20XX is:

A) $400 000 Profit
B) $(400 000) Loss
C) $350 000 Profit
D) $700 000 Profit