Can I ask for the solution for this problem? This is from my Intermediate Accounting.

Problem #1

Jisoo Company reported the following shareholders' equity at the beginning of the current year:

Share capital, P10 par, outstanding 225,000 shares - 2,250,000

Share premium - 1,500,000

Retained earnings - 2,000,000

During the year, the entity had the following transactions:

• Acquired 10,000 treasury shares for P500,000
• Sold 5,000 treasury shares at P60 per share
• Sold 2,000 treasury shares at P45 per share
• Net income for the year was P2,500,000

Requirements:

1. SHARE CAPITAL
2. SHARE PREMIUM
3. RETAINED EARNINGS
4. TREASURY SHARES
5. LEGAL CAPITAL
6. CONTRIBUTED CAPITAL
7. SHAREHOLDER'S EQUITY
8. TOTAL SHARES ISSUED
9. TOTAL SHARES OUTSTANDING