Reference no: EM133122030
Question - The following data were compiled prior to preparing the statement of financial position of the Nikko Corporation as of December 31, 2022:
Beginning balances - January 1, 2022:
Ordinary share capital, P100 par value P10,000,000
Share premium - ordinary 3,000,000
Share premium - treasury shares 20,000
Retained earnings - unappropriated 1,500,000
Retained earnings - appropriated 500,000
Treasury shares (2,500 shares) 300,000
Transactions during the current year 2022:
Issuance of 10,000 ordinary shares at P150 P1,500,000
Declaration of cash dividends 300,000
Sale of 1,500 treasury shares 217,500
Net unrealized loss on equity securities at other comprehensive income 70,000
Revaluation increment on property - Land 800,000
Subscription of 3,000 ordinary shares 480,000
Shares subscriptions receivable for 3,000 subscribed shares - due in 24 months 320,000
Acquisition of 1,000 treasury shares 135,000
Declaration and distribution of 5% share dividends at market value 582,750
Net income in 2022 1,450,000
Appropriation of retained earnings for plant expansion 610,000
Required -
How much is the retained earnings - unappropriated as of December 31, 2022?
How much is the total contributed capital as of December 31, 2022?
How much is the balance of total shareholders' equity as of December 31, 2022?