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The shareholders' equity section of Good Life Company shows the following on December 31, 2018: Ordinary shares, P10 par value; authorized 1,500,011!) shares; issued and outstanding 900,000 shares P9,m0,000 Share Premium 750,000 Retained earnings 2,}'00I00i'.l Total shareholders' equity W Transactions during 2019 and other information relating to the shareholders' equity amounts were as follows: - On January 2, Good life reacqulred 75,000 shares of its ordinary shares for P11 per share. a On May 14, Good life sold 45,000 shares of its treasury shares for P14 per share. 0 On June 15. Good life declared a cash dividend of P1 per share, payable on July 15. 2019 to shareholders of record on June 30, 2019. 0 On December 20, 30,000 shares were issued in exchange for second hand equipment. it originally oost P600,000, was carried by the previous owner at a book value of panama, and was recently appraised at P3911000. - Net income for 2019 was P850000 0 Compute for the amount of Retained Earnings on December 31. 2019. e Using the information of Good Ute Company, what Is the amount of Total Shareholders' Equity on December 31, 2019