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Basin Limited was incorporated on 1 July 2 0 2 1 . A prospectus offering 3 0 0 , 0 0 0 shares at $

Basin Limited was incorporated on 1 July 2021. A prospectus offering 300,000 shares at $2.50 each was released and closed fully subscribed. The share issue was underwritten by a broker for $30,000 and other costs of the share issue amounted to $18,000. The net share capital on the statement of financial position is:
$702,000
$732,000
$720,000
$750,000

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