Randall pic is a company that, during the year ended 31 December 2020, paid 25,000 debenture interest and paid an ordinary dividend of 8 pence per share on 1 million £1 ordinary shares. The retained profit for the year was 160,000. What was Randall pc's profit for the year?
1) 215,000
2) 80,000
3) 240,000
4) 265,000