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How much is the balance of the share premium

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Reference no: EM133005208

Question - Pompadour Inc., provided the following information:

9,000,000.00 Share premium 3,600,000.00 Retained Earnings

Ordinary share (P8 par value, authorized 1,500,000 shares issued and outstanding 1,125,000 shares) 1,300,000.00

Total Equity 13,000,000.00

Pompadour Inc., purchased and retired 100,000 shares of its stock for P1,800,000.00; How much is the balance of the Share Premium and Retained Earnings, immediately after retirement of shares?

Reference no: EM133005208

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