The following are extracts from an income statement for the year ended 30^th June 2018:

	$
Sales revenue	12,000
Cost of sales	6,500
Administrative expenses	2,000
Interest received (relates to business operation/ activities)	50
Interest paid	200
Advertising expenses	550
Taxation (30%)	840
Dividends paid to shareholders	960

What is earning before interest and tax (EBIT)?

Select one:

a. $2,800

b. $2,950

c. $2,850

d. $1,990