$ Prepaid insurance 4,000

Accounts payable 15,000

Rent expense 35,000

Bank loan (payable in 2022) 210,000

Salaries 55,000 Depreciation 12,000

Paid-up-capital 200,000

Accounts receivable 52,000

Sales revenue 217,000

Equipment 120,000

Accumulated depreciation 24,000

Interest income 2,000

Dividend paid 5,000

Which one of the following is the profit for the company?

Group of answer choices

$ 117,000

$ 112,000

$ 113,000

$ 115,000