Dr Mark Brown is a medical specialist who is in business as a sole trader with two employees. The following information relates to his business for the current financial year: Cash received from patients $160,000 Medicare reimbursement for patient services $50,000 Unpaid patient accounts at end of current financial year $12,000 Unpaid patient accounts at end of previous financial year $18,000 Salaries paid to employees $65,000 Other operating expenses $37,000 What would Dr Brown's taxable income be for the current financial year? A. $114,000 B. $108,000 C. $110,000 D. $112,000 E. $ 105,000