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A company has the following information about its equity and reserves: authorized ordinary shares 5,000,000 $5 issued ordinary shares 3, 000,000 $5 issued preference shares

A company has the following information about its equity and reserves:

authorized ordinary shares 5,000,000 $5

issued ordinary shares 3, 000,000 $5

issued preference shares 200,000 $5

loans at 5%

revenue reserve $1,000,000

What is the total equity and reserves of the company?

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