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How much is the share premium from treasury shares

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Reference no: EM133122465

Question - The Shareholders' Equity of the MLE COMPANY as of December 31, 2020, was as follows:

Ordinary shares, P10 par, authorized 300,000 shares; 250,000 shares issued and outstanding 2,500,000

Share premium - issuance 3,500,000

Retained Earnings 1,740,000

On June 1, 2021, MLE reacquired 35,000 ordinary shares at $30. The following transactions occurred with regard to these shares.

July 1 Sold 15,000 shares at $48

August 1 Sold 19,000 shares at $27

September 1 Retired 1,000 shares

Required - How much is the Share Premium from treasury Shares of MLE Company?

A. 193,000

B. 270,000

C. Some other amount

D. 213,000

E. 207,000

Reference no: EM133122465

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