Newton Company was organized on January 1, 2019.

On that date, it issued 200,000

ordinary shares of P 10 par value at P15 per share. The entity was authorized to issue
400,000 ordinary. shares.
During the period January 1,2019 through December 31,2020, the entity reported net
income of P750,000 and paid cash dividend of P380,000.
On January 5, 2020, the entity purchased 12,000 ordinary shares at P12 per share.
On December 31, 2020,8,000 treasury shares were sold at P8 per share and the remaining
treasury shares were retired. The entity used the cost method of accounting for treasury
shares,
What amount should be reported as total shareholders' equity on December 31,2020?
3,290,000

Problem 5 Components of SHE

Problem
Mara Company provided the following data at year-end:

Authorized share capital 5,000,000

Unissued share capital 2,000,000
Subscribed share capital 1,000,000
Subscription receivable 400,000
Share premium 500,000
Retained earnings unappropriated 600,000
Retained earnings appropriated 300,000
Revaluation surplus 200,000
Treasury' shares, at cost 100,000

What total amount should be reported as shareholders' equity? 5,100,000