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Scold Co made a profit before tax for the year ending 31 December 20X9 of $118,000. This was arrived at after charging/crediting the following transactions. (1) Depreciation on a revalued asset of $15,000 (depreciation based on original cost $10,000) (ii) An asset previously revalued by $40,000 was sold at a profit of $6,000. The asset was revalued on 31 December 20X8 and sold on 1 January 20X9. Scold Co does not charge any depreciation in the year of disposal. What would the profit have been if Scold Co had followed the cost model of IAS 16? A $118,000 B $108,000 C $158,000 D $163,000