Use the information below to answer questions

Turnover...........................N120 000
Net profit before tax..............N40 000
Net profit b/f.....................N68 000
Proposed dividends:
Ordinary shares....................N8 000
Preference shares..................N6 000
Corporate tax is 30%...............N10 000

The undistributed profit carried forward is?

• A.N 68 000
• B.N 20 000
• C.N 74 000
• D.N 34 000
• E.