I really need help thanks alot

1) Carson Co. has incurred losses from operations for many years. At the recommendation of the newly hired president, the board of directors voted to implement a quasi- reorganization on June 30, 2015. The balance sheet is shown below: Current assets 2,200,000 Liabilities 2,400,000 Property & equipment 5,400,000 Ordinary shares, par P10 6,400,000 Other assets 800,000 Shares premium 1,200,000 Retained Earnings (Deficit) ????? The shareholders approved the quasi-organization to be accomplished by a reduction in property & equipment of P1, 400,000; a reduction in other assets of P600, 000 and a reduction in par value by P5 per share. * Required Email address * The amount of shareholders' equity after the quasi-reorganization is * 1 point a) 4,800,000 ( b) 4,000,000 C) 6,400,000 d) 7,600,000 O e) Answer not given