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Gooble inc. has the following items in its capital section of the Balance sheet: 120 000 Ordinary shares @ $0.75; Share premium = 183000; Revaluation

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Gooble inc. has the following items in its capital section of the Balance sheet: 120 000 Ordinary shares @ $0.75; Share premium = 183000; Revaluation reserve=25000, Retained earnings = 120 000. For the current year it is known that the company had a net profit of 74 000; Paid dividends of 12p per share and had a 3 for 4 bonus issue of shares. What are the retained profit and Share premium amounts at the end of the financial year? Retained profit = 179 600; Share premium = 115 500 Retained profit = 194 000; Share premium = 205 500 Retained profit=59600; Share premium = 115 500 Retained profit - 194 000; Share premium = 93 000

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