Cash flows from operations for ABC Ltd was $48,000 (inflow) for the period ending 30 June 2019. Depreciation expense for the period was $50,000. The company made a gain on sale of $10,000 from selling their equipment, and a loss on sale of $5,000 from selling their land. Balances of asset and liability accounts are listed below: 30 June 2019 $ 30 June 2018 Cash 65,000 80,000 Accounts Receivable 80,000 20,000 Inventories 10,000 30,000 Prepaid Insurance 6,000 15,000 Accounts Payable 110,000 90,000 20,000 12,000 Interest Payable Bonds payable 100,000 200,000 What is the net profit or loss for the period ending 30 June 2019? $105,000 b$6,000 c. $114,000 d. None of the options are correct e. $164,000