A sole trader records a profit for the year of $31{,}000 after allowing for the following items: carriage inwards $2600 decrease in provision for doubtful debts $1500 discount received $2000 other expenses $28{,}000 profit on disposal of non-current asset $300 What was the gross profit for the year?
- A$55{,}200
- B$55{,}500
- C$56{,}700
- D$57{,}800