The equity of a limited company is shown.
During the year the following transactions took place.
1 A bonus issue of one ordinary share for every four ordinary shares held was made.
2 Debenture interest of $\$ 18000$ was paid.
3 An interim dividend of $\$ 22000$ was paid.
What was the profit for the year?
1 )
$\$ 57000$
$\$ 107000$
3 )
$\$ 125000$
4 )
$\$ 157000$
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