Problem 21-23 (IAA) Prob At the beginning of current year, Guess Company was organized and authorized to issue 100,000 shares with P50 Levi compa par value. During the current year, the entity had the following transactions relating to shareholders' equity: Share Issued 10,000 shares at P70 per share. Share Issued 20,000 shares at P80 per share. Retaine Reported net income of P1,000,000. Treasu Paid cash dividends of P200,000. and Purchased 3,000 treasury shares at P100 per share. Wh 1. What amount should be reported as share capital at 31, year-end? b. a. 1,500,000 b. 3,300,000 C. C. 1,200,000 d. 1,800,000 2. Wh 2. What amount should be reported as share premium at 31, year-end? a. 800,000 b. .b. 200,000 C. 600,000 0 3. How 3. What is the total shareholders' equity at year end? a. 2,800,000 ppgp b. 3,000,000 e. 3,300,000 d. 2,000,000 4. Wha 4. What is the contributed capital at year-end? in 2 a. 2,300,000 b. 1,500,000 C. 2,000,000 d. 1,200,000