Hendry Ltd opened his new business on 1 January 2022. On that date, the only asset was a bank balance of 11,000. During the year, Hendry's drawings from the business totalled 36,000 On 31 December 2022, the assets and liabilities of the business were as follows Computers and furniture 61,000, inventory of raw materials 17,500, finished goods, at cost 8,400; bank overdraft 12,600; trade payables $6,500; prepayments 2,500; trade receivables 5,500, the provision for bad debts 3,000, bank loan 40,000; interest payable 1,500; accrued expenses 3,600

What is the profit of the business in the year ended 31 December 2022?

A: 88,700 B: 66,700 C: 52,700 D: 41,700