On January 1, Puroland Corporation was incorporated, with 100,000 authorized ordinaryshares of ₱100 par value. On the sa

[answerhappygod]

On January 1, Puroland Corporation was incorporated, with100,000 authorized ordinaryshares of ₱100 par value. On the samedate, 50,000 shares were sold and issued at ₱110 per share. On May14, the corporation reacquired 800 ordinary shares at ₱120 pershare. On September 16, 500 treasury shares were sold at ₱110. Atthe end of the year, the corporation realized a net income of₱950,000. Out of unrestricted retained earnings, cash dividend of₱300,000 was paid and ₱150,000 was appropriated forcontingencies. How much is total shareholders’ equityas of December 31?