WAEC Financial Accounting 2020 Question 14

Use the following information to answer questions 12 to 14.
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 / ₦5,000
Chikum: ₦20,000
Net profit for the year was N 40,500 and the interest on capital was 5% per annum.
Bubu's share of profit is

1. A.₦16,000.
2. B.₦12,000.
3. C.₦8,000.
4. D.₦4,000.