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Chel Co. reported the following shareholder's equity on January 1, 2021: Preference Shares, 100,000 shares, P10 par Ordinary Shares, 500,000 shares, P10 par Share Premium
Chel Co. reported the following shareholder's equity on January 1, 2021: Preference Shares, 100,000 shares, P10 par Ordinary Shares, 500,000 shares, P10 par Share Premium - P/S Share Premium - O/S Retained Earnings 1,000,000 5,000,000 50,000 200,000 100,000 During the current year, the following transactions were completed: a. Retirement of 5,000 P/S at P11 per share b. Purchase of 5,000 O/S of treasury at P12 per share c. Share Split, Ordinary Shares 2 for 1 d. Reissuance of 2,000 shares of treasury at P8 per share e. Net Income for the year amounted to P5,500,000 What is the total SHE on December 31, 2021
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