3. Katrina Company reported the following shareholders equity at the beginning of current year: Share capital, 250.000 s

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3 Katrina Company Reported The Following Shareholders Equity At The Beginning Of Current Year Share Capital 250 000 S 1 (25.43 KiB) Viewed 37 times

3. Katrina Company reported the following shareholders equity at the beginning of current year: Share capital, 250.000 shares authorized, P30 par 100,000 shares issued and outstanding 3.000.000 Share premium 1.000.000 Retained earnings 8.000.000 The board of directors declared a 10% share dividend on April i when the market value of the share was P70, The share dividend was issued on July 1 when the market value of the share was P100. The entity sustained a net loss of P1,200,000 for the current year. What amount should be reported as retained earnings at year-end? ER 6,100,000 b. 6,500,000 6,800,000