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London Ltd. started business on January 1, 2020. During 2020, the company had the following share transactions: Jan 1: Issued 100,000 shares at $10 per

London Ltd. started business on January 1, 2020. During 2020, the company had the following share transactions: Jan 1: Issued 100,000 shares at $10 per share. Apr 5: Issued 50,000 shares at $12 per share. Jun 12: Issued 50,000 shares at $14 per share. Jul 31: Purchased 20,000 shares at $11 per share and cancelled them. Dec 28: Issued 20,000 shares at $18 per share. What is the total amount in contributed surplus at December 31, 2020? options

: $30,000

$10,000

$20,000

$ 5,000

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