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Please show your solution. Problem 1 The equity of Roocky Company revealed the following on December 31, 2020 Share Premium on preference shares 600,000.00 Estimated
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Problem 1 The equity of Roocky Company revealed the following on December 31, 2020 Share Premium on preference shares 600,000.00 Estimated premium payable 400,000.00 Authorized preference shares at P50 par value 3,200,000.00 Treasury shares - Ordinary shares (10,000 shares) 300,000.00 Subscribed preference shares 240,000.00 Authorized ordinary shares at P10 stated value 4,800,000.00 Share premium conversion option - bonds payable 160,000.00 Gain on sale of treasury shares 240,000.00 Unrealized increase in value of FVTOCI securities 40,000.00 Ordinary share warrants outstanding 140,000.00 Unissued ordinary shares 2,600,000.00 Unissued preference shares 600,000.00 Cash dividends payable - preference share 320,000.00 Donated capital 160,000.00 Reserve for depreciation 400,000.00 Revaluation surplus 520,000.00 Reserve for bond sinking fund 1,280,000.00 Ordinary share options outstanding 100,000.00 Accumulated profits - unappropriated 2,000,000.00 Bonds payable 4,000,000.00 Subscribed ordinary shares 800,000.00 Long-term investment in equity securities 1,600,000.00 Share premium on ordinary shares 1,200,000.00 Premium on bonds payable 400,000.00 Required: Compute for the following 1. Ordinary shares issued 2. Preference shares issued 3. Share premium 4. Contributed capital 5. Legal capital 6. Total shareholder's equityStep by Step Solution
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