HRM Consulting Pty Ltd started the year with total assets of $80 000 and total liabilities of $40 000. During the year the business earned $150 000 in income and incurred $95 000 in expenses. Dividends of $20 000 were paid during the year. HRMs profit for the period was:

A. 30000

B. 50000

C. 35000

D. 40000