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What is the total shareholders equity on December

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Question - Bassig Corp. was organized on January 1, 2017, at which date it issued 100,000 shares of P12 par ordinary share capital at P16 per share. For the period 2017 to 2019, the company reported profit of P400,000 and paid cash dividends of P220,000. On January 10, 2019, the company purchased 6,000 of its own shares at P13 per share. On November 20, 2019, Bassig sold 4,000 treasury shares at P10 per share. What is the total shareholders' equity on December 31, 2019?

A. 1354000

B. 1742000

C. 1680000

D. 1754000

Reference no: EM133038460

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