The following accounts balances are provided for Chen Pty Ltd at 31 December 2019. Revenues and expense accounts cover the financial year ending on that date.

Accounts payable	14,000	Prepaid insurance	2,500
Accounts receivable	18,000	Property, plant and equipment	150,000
Accumulated depreciation	30,000	Retained earnings	78,000
Cash	6,000	Sales revenues	122,000
Cost of sales	35,000	Selling and admin expenses	65,000
Interest expense	4,000	Share capital	50,000
Interest payable	500	Supplies	3,000
Inventory	34,000	Unearned revenue	2,000
Loan payablelong term	40,000	Wages expense	6,000
Patents and trademarks	4,000	Wages payable	3,000

What is the Net Profit?

	a.	$87,000
	b.	$12,000
	c.	$124,000
	d.	Unable to be calculated from the information given
	e.	$89,000