Use the Following Information for Questions

Multiple Choice

Use the following information for questions
Kareem's Rental Ltd.started the year with total assets of $70,000 and total liabilities of $40,000.During the year, the business recorded $100,000 in car repair revenues, $65,000 in expenses, and paid dividends of $5,000.
-The profit reported for the year was

A) $30,000.
B) $35,000.
C) $20,000.
D) $100,000.