5. Company C signed a contract on 31st March 2005 to render the consulting service to Company D in the year 20X6. The agreed price is $10,000. According to the agreement, if the services are not rendered by end of June 20X6, then Company C incurs a penalty of $9,000, which was agreed to because Company C was very keen to engage Company D as a client. At the end of June 2005, the accountant of Company Crealises that the estimated minimum cost to render the consulting service has increased to $13,000. According to AASB 137 Provisions, Contingent Liabilities and Contingent Assets, what is the impact of this signed contract on the profit of Company C for the year ended 30th June 20x6 if the contract is not exercised? Group of answer choices -$4,000 $10,000 -$3,000 $6,000