Insufficient data to compute profit Steps:

• Identify key elements: Share count changes, dividends paid/proposed, but no revenue, expenses, or retained earnings provided.
• Calculate shares for dividend: 350,000 initial + 10,000 issued = 360,000 shares on 1 October; paid dividend = 360,000 × $0.10 =$36,000.
• Note proposed dividend: $20,000 on 1 December, but irrelevant without profit base.
• Conclude: Profit requires income statement data; dividends alone insufficient.

Why C is correct:

• Not applicable; question lacks essential financial data for any option.

Why the others are wrong:

• A, B, D: All require unavailable profit figures; cannot verify.

Not enough information.
Final answer: Not enough information.