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The following capital accounts are shown in statement of financial position of Love Company before sale of Treasury Shares P1,000,000.00 20,000.00 Ordinary Share, 10,000 shares,

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The following capital accounts are shown in statement of financial position of Love Company before sale of Treasury Shares P1,000,000.00 20,000.00 Ordinary Share, 10,000 shares, par value P100 Share Premium on Ordinary Shares Treasury Shares Share Premium on Treasury Shares Retained Earnings (250,000.00) 30,000.00 750,000.00 Not yet recorded: The entire 2,000 treasury shares were sold for 200,000.00 Compute the balance after sale of TS a The balance of Retained Earnings b The Total Shareholders' Equity

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