Reference no: EM132558173

The following data pertain to JKL Corporation:

Paid in Capital

18% Preference Share Capital, Cumulative, authorized to issue

10,000 shares, par value of 200, issued and outstanding 3,750... 750,000

Subscribed Preference Share Capital, 1,000 shares................... 200,000

Subscription receivable - Preference......................................... 70,000

Ordinary Share Capital, authorized to issue 20,000 no par with

stated value of P100, issued and outstanding 6,500 shares........ P650,000

Subscribed Ordinary Share Capital, 1,500 shares...................... 150,000

Subscription Receivable - Ordinary.......................................... 50,000

Preference Share Premium..................................................... P 60,000

Ordinary Share Premium........................................................ 70,000

Donated share capital............................................................ 40,000

Paid in capital from treasury shares.......................................... 10,000

Retained earnings: Appropriated for Treasury shares................... 20,000

Retained earnings: Unappropriated........................................... 100,000

Treasury shares at cost (200 shares)......................................... 20,000

Required: :

Question 1: Stock holders Equity, if the Subscription is callable within 30 days

Question 2: Stockholders Equity, if the Subscription is not on "call"

Question 3: COMPUTE Total LEGAL CAPITAL .