Reference no: EM132949241

Indigo Inc., was organized on January 1, 2017, at which date it issued 200,000 shares of P 10 par Ordinary share capital at P 15 per share. For the period 2017 to 2019, the corporation reported profit of P900,000 and paid cash dividends of P 460,000. On Jan. 1, 2019, the corporation purchased 12,000 of its own share capital at P 12 per share. On Sept. 20, 2019, the company sold 8,000 Treasury shares at P 18 per share. On Oct. 2, 2019, the corporation received 2,000 shares as donation from a major shareholder and were subsequently sold at P 15 per share on Nov. 15, 2019. Compute Total Shareholders' Equity on December 31, 2019

Anthor Corporation was incorporated on January 1, 2019 with the following authorized capitalization:

• 40,000 shares of Ordinary Share capital, P 40 stated value;
• 10,000 shares of 5% cumulative Preference Share capital, P 10 par value.

During 2019, Anthor issued 24,000 shares of Ordinary share capital for a total of P 1,200,000 and 6,000 shares of Preference share capital at P 16 per share. In addition, on Dec. 20, 2019, subscriptions for 2,000 shares of Preference share capital were taken at a subscription price of P 17. These subscribed shares were paid for on January 2, 2020.

Problem 1: How much is the total contributed capital of Anthor Corporation to be shown on its Dec. 31, 2019 Statement of Financial Position?