The following information has been extracted from the financial statements of Century Limited for the reporting period ending 30 June 2010:

Cash sales $50,000

Cost of goods sold $20,000

Amounts received in advance for services to be performed in August 2010 $2,500

Rent expense for reporting period ended 30 June 2010 $5,000

Rent prepaid for two months to 31 August 2010 $500

Doubtful debts expenses $500

Amount provided in 2010 for employees long-service leave entitlements $1,500

The taxable profit for the reporting period ending 30 June 2010 is:

Select one:

a. $27,000.

b. $28,000.

c. $32,000.

d. $23,000.