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Nantes Corporation started operations on 1 January 2021 and has 100,000 shares of $10 par ordinary shares authorized. The following Equity transactions took place during

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Nantes Corporation started operations on 1 January 2021 and has 100,000 shares of $10 par ordinary shares authorized. The following Equity transactions took place during 2020 . the first year of the corporation's existence: Issued 20,000 ordinary shares for $12 cash per share. Issued 20,000 ordinary shares in exchange for a Land valued at $300,000. The market value of the share on the date of exchange was $13. Required: 1-Calculate the balance of Cash. 2-Calculate the balance of Land. 3-Calculate the balance of Share Capital. 4-Calculate the balance of Share Premium. 5-Calculate Total Contributed Capital

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