Dec. 31 13. At the beginning of current year, Franta Company was authorized to issue share capital of 100,000 shares with P50 par value. The entity had the following share capital transactions during the year: Jan. 1 Sold 80,000 shares at P60 per share. May 1 Reacquired 4,000 treasury shares at P65 per share. Jul 1 Approved a share aplit of 5 for 1. Oct. 31 Declared and issued a 10% share dividend when the market value of a share is P25. Dec. 31 Reissued all of the treasury shares at P30. Net income for the year was P3,000,000. 1. What is the number of shares outstanding at year-end? a. 418,000 b. 438,000 c. 440,000 d. 422,000 2. What amount should be reported as share capital at year-end? a. 4,000,000 b. 4,380,000 c. 3,800,000 d. 3,760,000 3. What total amount should be reported as share premium at year-end? a. 1,370,000 b. 1,710,000 c. 1,400,000 d. 1.970,000 4. What is the total shareholders' equity at year-end? a. 8,140,000 b. 7.800,000 c. 7,560,000 d. 8,400,000