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} & ₦\\...

To calculate the dividend payable to preference shareholders, we need to first find the net profit available for appropriation. Net profit available for appropriation = Net profit for the year - Proposed dividend on ordinary shares - Interim dividend - Goodwill written off Net profit available for appropriation = ₦6,000 - ₦4,000 - ₦6,000 - ₦600 = (₦4,600) Since preference shares have a fixed dividend rate of 5%, we can calculate the dividend payable to preference shareholders as follows: Dividend payable to preference shareholders = 5% of (number of preference shares * par value per share) = 5% of (60,000 * ₦1) = ₦3,000 Therefore, the dividend payable to preference shareholders is ₦3,000. Option (c) ₦3,000 is the correct answer.