Problem 21-25 (IAA) Prob Juan Company was organized at the beginning of current year with 100,000 authorized shares of P100 par value, 1. Th Sold 30,000 shares at P150 per share cor January 1 1 Issued 2,000 shares for legal services with a fair value February of P250,000. The shares on this date are quoted s P140 per share b. March 15 Purchased 5,000 treasury shares at a cost of P120per share Issued P6,000,000 convertible bonds at 120. The bonds d. October 31 are quoted at 98 without the conversion feature. November 5 Declared a 2-for-1 share split when the market value a Th of the share was P160. December 15 Sold 20,000 shares at P75 per share. A December 31 The net income for the year was P2,000,000. C. 1. What amount should be reported as share capital at FL year-end? 5,200,000 B. If t b. 3,600,000 the c. 4,200,000 d. 5,300,000 2. What amount should be recognized as share premium at year-end? a. 2,050,000 d b. 3,150,000 c. 3,130,000 & Wh d. 2,650,000 3. What is the total shareholders' equity at year-and? a. 8,750,000 b. 7,650,000 c. 9,350,000 d. 9,250,000 4. How many shares are outstanding at year-end? a. 64,000 79,000 c. 74,000 d 84,000