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Compute total shareholder equity

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Question - Integrity Corporation was incorporated on January 1,2017 with authorized capital of 250,000 shares of P100 par value 10% preference share capital and 500,000 shares of P20 par value ordinary share capital. The shares were issued during 2017 as follows:

January 1 Issued for cash 62,500 preference shares at par,

February 1 125,000 ordinary shares for P25.

May 1 Issued for cash 25,000 preference shares for P3,000,000.

December 1 Issued for cash 25,000 ordinary shares for P600,000.

Required - Compute Total Shareholder's Equity, Ordinary Share Capital, Preferred share capital and Share Premium?

Reference no: EM132984991

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