Reference no: EM132873534
Question - The shareholders' equity section of Myeeong Company revealed the following information on December 31, 2020.
Preference share capital, 100 par 2,300,000
Share premium-Preference share 805,000
Ordinary share capital, 15 par 5,250,000
Share premium 2,750,000
Subscribed ordinary share capital 500,000
Retained earnings 1,900,000
Notes payable 4,000,000
Subscription receivable-ordinary 400,000
Required - How much is the legal capital?