Entity A and Entity B exchanged equity interests resulting to Entity A obtaining control over Entity B. Relevant information follows: ABC Co. Combined entity (before combination) Identifiable assets 2,200,000 3,600,000 Goodwill - ? Total assets 2,200,000 ?

Liabilities 700,000 1,300,000 Share capital (P20 par) 800,000 976,000 Share premium 300,000 1,092,000 Retained earnings 400,000 ? Total liabilities and equity 2,200,000 ?

Requirements: Compute for the following: Number of shares issued by Entity A Goodwill Retained earnings of the combined entity immediately after the business combination