Reference no: EM133183634
Question - The shareholders' equity section of De Guzman Corporation revealed the following information on December 31, 2021:
Preference Shares, P100 par 2,300,000
Share Premium - Preference 805,000
Ordinary Shares, P15 par 5,250,000
Share Premium - Ordinary 2,750,000
Subscribed Ordinary Shares 50,000
Retained Earnings 1,900,000
Notes payable 4,000,000
Subscription Receivable - Ordinary 400,000
Required - How much is the legal capital?
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