Lydia started in business buying and selling ladies' handbags. She put 2048 in her bank account at the start of March.

Lydia buys the handbags (cash purchase) for 17 each and sells them for cash for 39 each. During March, her first month of trading, she bought 59 handbags and had 8 handbags remaining in inventory at the month end.

Ignoring any other expenses or payments, which of the following statements is true for March?

Select one:

A) Gross profit for March was 1122 and the bank balance at the end of March was 1086

B) Gross profit for March was 986 and the bank balance at the end of March was 3170

C) Gross profit for March was 1122 and the bank balance at the end of March was 3034

D) Gross profit for March was 986 and the bank balance at the end of March was 3034