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How much is contributed capital on december

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Problem 1: Fearless Corporation was organized three years ago with 1,500,000 shares authorized share capital, ?10 par value. By January 1, 2020, the corporation has ?3,800,000 Ordinary Share Capital ledger balance, ?1,425,000 Share Premium-Ordinary, and Retained Earnings of ?3,280,000. During 2020, the corporation debited Treasury Share-Ordinary for ?255,000 and recorded net income of ?1,400,000. How much is contributed capital on December 31, 2020?

Reference no: EM132631340

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