Jane Bristol is a sole trader. She has prepared accounts for the year ended 31 July 2021 which show a net profit of 45,485. The following expenses are included: (a) Depreciation of 350. (b) Entertaining of 835 which includes 700 for a staff Christmas party for seven employees. The balance of the charge is for entertaining customers. (c) Legal fees of 1,250, of which 1,000 was in respect of debt collection costs and 250 was in respect of a penalty for the late filing of a tax return. (d) Motor expenses of 1,050 which were the full running costs of Jane's car. The private use of the vehicle has been agreed at 50%. (e) Wages of 46,000 which includes payments to Jane totalling 8,255. Calculate Jane's adjusted trading profit for the year ended 31 July 2021