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How much is the share premium at year-end

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Reference no: EM133151104

Question - Gemerald Corporation's Shareholder's equity for December 31, 2020:

Issued shares 10,000

Par value 100

Share capital P1,000,000

Share premium 825,000

Retained earnings 1,650,000

Total P3,475,000

Transactions during 2021 are as follows:

Acquired 2,000 delinquent shares at 132.50 per share.

Reissue 1,000 of its shares for P150 per share.

Enlisted in the PSE, 9,000 new shares, and 1,000 existing shares:

Audit and other fees for share issuance P150,000

Fairness and opinion report 97,700

Other share issuance fee 78,800

Share listing fee 50,000

P376,500

The entity reported a net income of P975,000.

How much is the share premium at year-end?

Reference no: EM133151104

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