The following is an extract of balances for a company for the year: Water and electricity 28,000 Rent 22,000 Equipment (at cost) 100,000 Gross profit has already been calculated as being 50,000. The company uses the straight-line method of depreciation, at 25% per annum. At the end of the year, water and electricity accrued is 4,000, and rent prepaid is 2,000. No adjustment was made yet. The net loss for the year is: 27,000 B 23,000 C 19,000 D 16,000