Use the information below to answer the question.
Phebe Enterprises has two departments S and T, with the following information

S ₦Opening stock 5,000Purchases 26,000Closing stock 7,000Sales 45,000

T₦1,500 3,0002,5004,000

The following expenses are to be shared in the ratio of 4:1
Rent ₦8,300
General expenses ₦3,200
What is the net profit (or loss) contributed by department T

A. ₦2000
B. ₦300  
C. (₦2000)
D. (₦300)

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Correct Answer: B