Shareholders equity should be ?

4. After the quasi-reorganization, the total shareholders' equity should be? Adverse financial and operating circumstances warrant that BLACK PANTHER Corporation undergo a quasi- reorganization on December 31, 2021. The following information may be relevant in accounting for the quasi- reorganization: a. Inventory with a fair value of P1,000,000 is currently recorded in the accounts at its cost of P1,500,000. b. Plant assets with a fair value of P3,000,000 are currently recorded at P4,000,000, net of accumulated depreciation. Unrecorded accounts payable amount to P300,000 d. Individual shareholders contribute P1,500,000 to create additional paid-in capital to facilitate the reorganization. No new shares pass to the company's shareholders. e. The par value of the share capital is reduced from $100 to $50. f. Immediately before these events, the shareholders' equity section appears as follows: C. Share capital, 100 par value, 50,000 shares Share premium Retained earnings (deficit) 5,000,000 500,000 (2,000,000)