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Retained profits of Marshall Pty Ltd as at 1 July 2014 were $11 000. The...

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Accounting

Retained profits of Marshall Pty Ltd as at 1 July 2014 were $11 000. The accounting records for the year ended 30 June 2015 showed the following information: Revenues earned 89 000 Cash collected from customers 12 400 Expenses incurred 74 500 Expenses paid in cash 62 340 Dividends declared and paid 16 000 What was Marshalls net profit for the year ended 30 June 2015? A $14 500 B $15 500 C $6 500 D None of the above

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