The statement of equity for a limited company is shown below. Beginning of the year / End of the year: - ordinary shares of $1 each: $200000 / $250000 - retained earnings: $77000 / $112000 - total equity: $277000 / $362000 The following transactions occurred during the year: 1. A bonus issue of one ordinary share for every four ordinary shares held was issued. 2. Debenture interest of $18000 was paid. 3. An interim dividend of $22000 was paid. What was the profit for the year?
- A$57000
- B$107000
- C$125000
- D$157000