Retained profits of Livermore Pty. Ltd. at 1 July, 2016 were $4,400. The accounting records for year ended 30 June, 2017 showed the following: revenues earned $40,500; cash collected from customers $6,500; expenses incurred $33,250; and dividends paid in cash were $1,500.

What was the Livermore's accrual profit for year ended 30 June, 2017?

A.$13,750

B.$7,250

C.$5,250

D.$5,750

E.None of the above