12.Ice-cream Ltd's accounting profit before taxation for the year ended 31/12/2019 is $700,000, in which the following expenses were charged: Interest expenses on a loan from a bank (for 1/7/2019 to 31/12/2019 of $100,000 were charged. The shareholder of Ice-cream Ltd, Miss Sweet has used her bank deposit (which was of equivalent amount to the bank loan) as a security for the bank loan. Interest income derived from her personal bank deposit for the period 1/7/2019 to 31/12/2019 was $80,000. The bank loan has been applied as general working capital. Interest expenses on trade debts of $50,000 were charged. All suppliers are overseas companies. Ice-cream Ltd carries on retail trading business in Hong Kong and returned all its trading income as taxable in Hong Kong. Ice-cream Ltd's assessable profit for the year of assessment 2019/20 is: Select one: O a. $700,000 b. $780,000. c. $850,000. O d. $720,000