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Use the following information for the next three (3) questions: Toyoya Company has two classes of share capital outstanding consisting of 12%, P100 par value preference share and P50 par value ordinary share. The entity reported the following balances at the beginning of the current year: Preference share capital - 5,000 shares 500,000 Ordinary share capital - 50,000 shares 2,500,000 Share premium - PS 200,000 Share premium - ordinary 500,000 Retained earnings 2,000,000 The following data summarize the transactions for the current year: Shares Per share 1. Issued ordinary share capital 20,000 50 2. Purchase of treasury - ordinary 5,000 60 . Share split - ordinary 2 for 1 4. Reissue treasury share 3,00 0 40 5. Shareholders donated 15,000 ordinary shares to the corporation. Subsequently, 10,000 donated shares were reissued at P40 per share. Net income for the year was P500,000. Page 2 of 8 7. Appropriated retained earnings equal to the cost of treasury shares. 13) What amount should be reported as total share premium at year-end? A. 1,130,000 B. 2,230,000 2,780,000 D. 2,880,000 14) What amount should be reported as unappropriated retained earnings at year-end? A. 3,000,000 B. 2,290,000 C. 2,740,000 D. 2,800,000 15) What amount should be reported as shareholders' equity? A. 7,210,000 B. 7,330,000 C. 7,420,000 D. 7,620,000 16) Silent Company reported the following equity account at the beginning of the current year: Share capital, P20 par 8,000,000 Share premium 2,550,000 Retained earnings 1,275,000 All shares outstanding at the beginning of current year were issued for P26 per share. at year-end, the entity reacquired 20,000 shares at P24 a share and retired them. What is the balance of the share premium? A. 2,430,000 B. 2,470,000 C. 2,510,000 D. 2,590,000