The expenses of Everest PLC for the financial year ending December 31, 2019 incorporated the following: 1. An annual fire insurance policy renewed on September 1, 2019 for $9,600. 2. Quarterly rent of $6,300 for the period ending February 2020, paid and expensed fully on December 1, 2019. 3. Deferred income totaling $3,500. The company reported a profit before tax of $35,300. What is the correct profit before tax? SELECT ONLY ONE $28,500 $31,800 $35,300