The following information is taken from Wakanda Inc. for the year ended 31 December 2020.

Preference dividend declared and fully paid in 2020: $100,000

Ordinary dividend declared and fully paid in 2020: $3,960,000

Preference share marketable price per unit at 31 December 2020: $4.60

Ordinary share marketable price per unit at 31 December 2020: $9.00

Wakanda Inc. Statement of Comprehensive Income for the year ended 31 December Sales Less: Cost of sales Gross profit Less: Expenses 2020 $'000 100,000 (65,000) 35,000 Marketing expenses (13,000) Administration expenses (9,200) Finance expenses (2,880) (25,080) Operating profit before tax 9,920 Taxation (3,472) Operating profit after tax 6,448