101 Basics 10 d out of question The financial statements of Starlite Ltd (Starlit) showed a total equity balance of N$2 500 000 for the reporting period ended 31 December 2018. During the 2019 financial year, Starlite recognised the following transactions: - Factory buildings were revalued from their carrying amount of N$500 000,to N$750 000; - A dividend of N$50 000, which was declared in the previous financial year, was paid to shareholders on 31 March 2019: - A dividend for the current financial year of $75 000 was declared on 15 December 2019. The $75 000 is unpaid and has been recognised as a liability at the end of the reporting period: - The entity made a profit after-tax of N$350 000. What is the closing balance of the total equity for the year ended 31 December 2019? Fin Tin a N$2 975 000 b. N$3 050 000 @ N$3 025 000 d. N$2 775 000 A 9