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What is the total shareholders equity of Sunny Company

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Question - On December 29, 2018, Sunny Company was registered at the Securities and Exchange Commission with 100,000 authorized ordinary shares of $100 par value. The following were Sunny's transactions:

Dec. 29, 2018 - Issued 40,000 shares at $105 per share

May 14, 2019 - Purchased 600 of its ordinary shares at $110 per share

Aug. 9, 2019 - 400 treasury shares were sold at $95 per share

Dec. 31, 2019 - Profit of $830,000 and cash dividends paid amounting to $200,000

What is the total shareholders' equity of Sunny Company on December 31, 2019?

Reference no: EM133025812

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