The following balances as at June 30, 2021 were extracted from the trial balance of Beta Ltd: DETAILS Premises Retained earnings DR CR 1,000,000 75,000 General reserves 55,000 Ordinary shares @ $2.50 500,000 5% Preference shares @ $0.75 150,000 15% Debenture 350,000 Debenture interest 22,500 Dividend received 15,000 Bank 110,000 Wages & salaries 82,000 Interim ordinary shares dividend 75,000 Commission received 25,000 Utilities 35,000 If 50,000 ordinary shares were issued at $2.50 each and the company collected $137,500, how much is the total number of shares at the end of the year? a. 775,000 b. 250,000 1,362,500 d. 450,000 88