Use the following information to answer the question below

Ata. Bubu and Chikum were in partnership sharing profits and losses in proportion to their capital contributions:

Capital Drawings

Ata 40,000 8,000

Bubu 30,000 5000

Chikum 20,000 -

Net profit for the year was 40,500 and the interest on capital was 5% per annum

Bubu's share of profit is

• A N16,000
• B N12,000
• C N8,000
• D N4,000