Rex Retailers is a sole trader business.

Assuming there are no transactions with the owner for the year ended 30 June 2023, calculate expenses for 2023 based on the following information:

Assets at 30 June 2023 are $20,708,

Equity at 1 July 2022 is $10,291,

Liabilities at 30 June 2023 are $6,061 and

Income for 2023 is $14,284

Enter your answer for expenses as a positive value