Tale LTd has 100 000 ordinary shares of 1 each ... - WAEC Accounting 2008 Question

Tale LTd. has 100,000 ordinary shares of ₦1 each and 60,000 5% preference shares of ₦1 each. Both were fully paid as shown below,
(\begin{array}{c|c} & ₦\ \text{Profit and loss appropriation b/f} & 10,000\ \text{Net profit for the year} & 6,000\ \text{Proposed dividend on ordinary shares} & 4,000\ \text{Interim dividend} & 6,000\ \text{Goodwill written off} \ 600\end{array})
The balance of the profit and loss appropriation account as at the end of the year was