A company has the following items in its statement of financial position.

ordinary shares of $$0\mathrm{.}50$ each $900000$

retained earnings $450000$

long$-$term bank loan $30000$

The company then issues $100000$ bonus shares of $$0\mathrm{.}50$ each to its shareholders.

What is the total equity after the issue of the bonus shares?

Question $4$Answer

a$.$

$$1300000$

b$.$

$$1350000$

c$.$

$$1380000$

d$.$

$$1400000$