The following information was given by a company for the financial year ending 31 December. In that year, a bonus issue of one ordinary share for every five ordinary shares was carried out. The company’s policy is to retain its reserves in the most flexible form. During the year, a dividend of $\$0.15$ per share was paid on all ordinary shares held on 1 January. What was the profit for the year?
- A$\$115\,000$
- B$\$140\,000$
- C$\$165\,000$
- D$\$190\,000$