Danny opened a new business. During the year, there was sales income of $50,000 and purchases of $20,000. Trading stock valued at $750 was stolen. The closing balance of stock at the end of the current income year was $4,500 after any reduction due to theft.

What is the assessable income from trading for the current income year?

Select one:

$54,500

$35,250

$33,750

$34,500