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What is the total amount of share premium as of december

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Question - During 2022, Sunflower Corporation had the following capital transactions:

January 5 - Issued 300,000 shares of P6 par at P12 per share

April 6 - Issued 100,000 shares of P6 par at P14 per share

June 8 - Issued 120,000 shares of P6 par at P16 per share

July 28 - Purchased 40,000 shares at P12 per share

December 31 - Sold the 40,000 shares held in treasury at P20 per share

Required - Sunflower used the cost method to record the purchase and reissuance of the treasury shares. What is the total amount of share premium as of December 31, 2022?

Reference no: EM133178428

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