ABC Restaurant Pty Ltd Started the Year with Total Assets

Multiple Choice

ABC Restaurant Pty Ltd started the year with total assets of $90 000 and total liabilities of $40 000.During the year the business earned $100 000 in income and incurred $55 000 in expenses.Dividends paid were $10 000.
The profit for ABC for the period was:

A) $35 000.
B) $45 000.
C) $20 000.
D) $90 000.