For the year ended 31 March 2022, Maria’s draft income statement reported a profit for the year of $38750. A $4800 bank loan at $5\%$ was obtained by Maria on 31 December 2021, but it was wrongly recorded as a revenue receipt. Also, the draft income statement for the year ended 31 March 2022 mistakenly included interest for a full year on the bank loan. What should the correct profit for the year ended 31 March 2022 be?
- A$33770
- B$34130
- C$43370
- D$43730