Elizabeth is an interior designer who has worked with some of the greats and started her new business as a sole trader on 1 July of the current tax year. She operates from a store in beautiful downtown Toowoomba where she offers design advice and also sells various items to beautify the home. During the current year ended 30 June, Elizabeth advises that her accounts show the following: Sales proceeds received for the sale of items from the store $70 000. Fees received for advice on interior design work $140 000. Amounts owing to her as at 30 June for items of trading stock sold on credit $8000. Amounts not yet billed to customers for advice given prior to 30 June, $16 000. What amount should Elizabeth include in her assessable income for the year ended 30 June?

A.226000 B.210000 C.234000 D.24000 E.218000