Which of the Follow Methods Can Be Used to Redeem $\quad$

Which of the follow methods can be used to redeem redeemable preference shares:
I. $\quad$ by applying part of the balance of retained profits
II. $\quad$ by applying the proceeds of a new issue of preference shares issued for that purpose
III. $\quad$ by applying the proceeds of a new issue of ordinary shares issued for that purpose
IV. $\quad$ by applying the balance in the unallocated share capital - forfeited shares account

A) I and IV only
B) I, II and III only
C) II and III only
D) all of I, II, III and IV