46 37. Tang Inc. was authorized to issue 1,500,000 1,000 par value ordinary shares. As of December 31, 2020, the company had issued 240,000 shares for proceeds of 594,000,000. During 2020, the company purchased 30,000 treasury shares at a total cost of 66,000,000. Later in the year, the company sold half of the treasury shares for 42,900,000. The balance in retained earnings at December 31, 2020 was 972,000,000 Total equity at December 31, 2020 is (3pt) a. 290,400,000. b. 1,542,900,000. c. 1,566,000,000. d. 1,599,000,000