PROBLEM 3 The Shareholders' equity of Son Goku Company on January 1, 2022 showed the following accounts: Share Capital, P100 par, authorized 100,000 shares Share Premium Accumulated Profits The following transactions occurred during the year: P5, 000, 000 400, 000 1, 500, 000 a. Reacquired 6, 000 shares on February 1, 2022 at P90 per share b. Reissued 3, 000 treasury shares at P120 share on June 4, 2022. c. Declared and distributed a 4 for 1 share split up on August 1, 2022. d. Reissued 6, 000 treasury shares at P20 per share on September 3, 2022. e. Issued stock rights on September 30, 2022. Two stocks right entitles the stockholders to purchase an additional share for P35 per share. The rights. shall expire on December 31, 2022. f. 40, 000 shares right were exercised when the market value of the shares was at P40 per share on October 11, 2022. g. Declared P3 per share cash dividends on December 15, 2022 to stockholders as of December 31, 2013 payable on January 15, 2023. h. Reported an adjusted net income of P540, 000. REQUIREMENTS: Determine the balances of the following accounts as December 31, 2022: 44. Share capital A. 5,450,000 B. 5,500,000 c. 5,250,000 REQ CPA Review capital 45. D. 5,490,000 Total share premium/additional paid A. 710,000 B. 675,000 C. 665,000 D. 596,000 46. Accumulated profit-unappropriated A. 1,598,000 B. 1,398,000 C. 1,298,000 D. 1,263,000 47. Total stockholders' equity A. 7,568,000 B. 7,528,000 C. 7,608,000 D. 7,438,000 48. Cash dividends payable. A. 642,000 B. 628,000 C. 622,000 D. 600,000 Page 8 13 +