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58. What is the total share premium at year-end? * For item 58 and 59 Adorable Company reported the following shareholder's equity on January 1,
58. What is the total share premium at year-end? * For item 58 and 59 Adorable Company reported the following shareholder's equity on January 1, 2020: Ordinary share capital, P100 par, 200,000 shares authorized, 50,000 shares issued and outstanding 5,000,000 Share premium 1,000,000 Retained earnings 3,000,000 The following transactions occurred: a.) The entity issued 10,000 shares at P110 per share. b.) Acquired 5,000 treasury shares at P120 per share. c.) Sold 2,000 treasury shares at P100 per share. d.) Shareholder's donate 10,000 ordinary shares to the corporation and subsequently reissued for P100 cach. e.) Reported net income of P1,000,000
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