The issuance of shares of preferred stock of shareholders Has no effect on preferred stock outstandingIncrease preferred stock outstandingDecrease preferred stock authorized Increase preferred stock authorized

O Preference as to dividends. O Preference as to voting rights. D Question 5 1 pts Sandra Company reported total assets of P1,050,000 and total liabilities of P680,000 in its December 31, 2018 balance sheet. The following transactions occurred during 2019: . On August 1, Sandra Company issued an additional 5,000 ordinary shares at P25 per share. . The company paid dividends totaling P80,000. . Net income during the year was P110,000. . Reacquired treasury shares of 2,000 at P30; subsequently, reissued 1,000 for P39 per share. . No other changes occurred in Shareholders' Equity during the year. 1. What is the balance of Sandra's Shareholders' Equity section in its December 31