preference shares

Extracts from the accounting records of Andratx Co relating to the year ended 31 December
20X6 are as follows:
Revaluation surplus $230,000
Ordinary interim dividend paid $12,000
Profit before tax $178,000
Estimated tax liability for year $45,000
8% $1 Preference shares $100,000
Under provision for tax in previous year $5,600
Proceeds of issue of 2,000 $1 ordinary Shares $5,000
Final ordinary dividend proposed $30,000
What was the total of equity reported in the statement of changes in equity at
31 December 20X6?
A $312,400
B $356,000
C $348,000
D $342,400

Hello sir,
In this question i am a little bit confused with preference shares.Does it mean redeemable or irredeemable? Question is from F3 kaplan kit 2018