Draft financial statements for a business reported a profit for the year of $62\,000$. The following mistakes were identified. 1. Accrued loan interest payable of $3900$ had not been included in the accounts. 2. Allowance for irrecoverable debts was overstated by $4800$. 3. Depreciation was discovered to be understated by $7500$. 4. Prepaid rent expense of $2600$ had not been included. What profit for the year was correct after the adjustments?
- A$43\,200$
- B$48\,400$
- C$58\,000$
- D$60\,600$