Lisa Martin Has Operated a Small Legal Practice on a Part-Time

Lisa Martin has operated a small legal practice on a part-time basis for the last ten years and is registered for the GST. However, in December 2019 she became a mum and as a result expects her business income to decline. Lisa believes that her projected annual turnover will change as a result and impact upon her GST registration. Lisa estimates the following income over the next 12 months:
Client fees (including GST) : $44,000
Sale of old computer equipment no longer required (excluding GST) : $10,000
Settlement of an insurance claim: $5,000
Lisa's own drawings and dividends paid $1,500.
Based on the above information, Lisa's projected annual turnover is:

A) $56,500
B) $51,500
C) $40,000
D) $50,000