Using the following information for Pear Company, answer the following question/s: 2015 2014 Sales 120,000 85,000 Cost of goods sold 75,000 50,000 Rent expenses 12,000 8,000 Salary expenses 9,000 9,000 Amortization expenses 5,000 4,500 The Pear Company buy an equipment in 1/1/ 2014 for $20,000. The live time of this equipment is 10 year with no salvage value. The Accountant uses the straight-line depreciation method. And Pear company has a $50,000, 10 - year note payable in 1/1/2015. The interest rate for this note payable is 3% per year, and interest should be paid on 12/31 each year. What is the net profit for 2014? a. 11,500 b. 45,000 c. 35,000 d. 15,500