Company LMN has in issue 600,000 RO 1 equity shares with a current market value of RO 2.5 each. It also has a balance of RO 75,000 in its share premium account and RO 80,000 in its bank account. The abstract of SOFP will show:

a.

Equity Share capital RO 1,500,000, Share premium RO 75,000 and Bank Account RO 80,000

b.

Equity Share capital RO 975,000 and Bank Account RO 80,000

c.

Equity Share capital RO 600,000, Share premium RO 75,000 and Bank Account RO 80,000

d.

Equity Share capital RO 675,000 and Bank Account RO 80,000