Which of the following statements most accurately explains "capital expenditure? Select one answer: spending on the acquisition of expenditure on expensive assets spending on the purchase or improvement of non-current assets spending on the issue of additional share capital spending on the maintenance and repair of non-current assets 2 Hendry Ltd opened his new business on 1 January 2022. On that date, the only asset was a bank balance of 11,000. During the year. Hendry's drawings from the business totalled 36,000. On 31 December 2022, the assets and liabilities of the business were as follows: Computers and furniture 61,000 : inventory of raw materials 17,500; finished goods, at cost 8,400; bank overdraft 12,600; trade payables 6,500; prepayments 2,500; trade receivables 5,500; the provision for bad debts 3,000; bank loan 40,000; interest payable 1,500; accrued expenses 3,600. What is the profit of the business in the year ended 31 December 2022? Select one answer: 52,700 88,700