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Sosa Co's equity at January 1, 2012 is as follows: Share capital-ordinary, P10 par value: authorized 300,000 shares; P2.250.000 Outstanding 225,000 shares 900.000 Share premium-ordinary

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Sosa Co's equity at January 1, 2012 is as follows: Share capital-ordinary, P10 par value: authorized 300,000 shares; P2.250.000 Outstanding 225,000 shares 900.000 Share premium-ordinary 2.190.000 Retained earnings P5340.000 Total During 2012. Sosa had the following share transactions: Acquired 6,000 shares of its shares for P270.000 Sold 3.600 treasury shares at P50 a share. Sold the remaining treasury shares at 41 per share No other share transactions occurred during 2012. Assuming Sosa uses the cost method to record treasury Share transactions How much is the Total Shareholders Equity at the end of the year? Answer pattem: 1.000.000

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