The expenses of Everest PLC for the financial year ending
December 31, 2019 incorporated the following:
1. An annual fire insurance policy renewed on September 1,
2019 for $9,600.
2. Quarterly rent of $6,300 for the period ending February
2020, paid and expensed fully on December 1, 2019.
3. Deferred income totaling $3,500.
The company reported a profit before tax of $35,300.
What is the correct profit before tax?
SELECT ONLY ONE
$28,500
$31,800
$35,300