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How much is the share premium from the transactions

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Kazakhstan Company is authorized to issue 600,000 ordinary shares, P10 par. The company had the following transactions in 2020:

  1. Issued 20,000 shares at P30, received in cash
  2. Issued 2,800 shares for legal services costing P100,000. 
  3. Issued 125,000 shares in exchange for a building valued at P2,950,000 and land valued at P800,000.

Problem 1: How much is the Share Premium from the these transactions?

Reference no: EM132658068

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