Reference no: EM132675668
Question - The accounts shown below appear in the December 31, 2020 trial of Umbrella Corporation:
Preference share capital, issued P100 par 6,400,000
Ordinary share capital, issue P20 par 2,000,000
Subscription receivable, Preference 380,000
Subscription receivable, Ordinary 360,000
Subscribed Preference share capital 600,000
Subscribed Ordinary share capital 440,000
Treasury share capital, preferred, at cost 1,360,000
Share premium 1,700,000
Retained earnings 2,000,000
All subscription receivables are due in 2022.
Required - How much is the total Shareholders' equity of Umbrella Corporation?
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