Question: Please help me to solve this problem. This subject is Intermediate Accounting The shareholders equity section of BEHTE EGHPANY's statement of nancial position as of

Please help me to solve this problem. This subject is Intermediate Accounting

Please help me to solve this problem. This subject is Intermediate Accounting

The shareholders\" equity section of BEHTE EGHPANY's statement of nancial position as of December 31, 201?, Is as follows: Ordinary shares, P10 par value F4,B00,00r0 Share premium 400,000 Accumulated prots 5,000,000 Total P1 1,500,000 The following transactions happened chmnolugimliy during 2018: a} 10,000 shares of authorized and unissued ordinary shares were sold P11 per share, Illa company incurred share issue cost at P15,000. o] Reacquired 10,000 shares as treasuryI shares at P15 per share. c} 11'1e company issued additional 20,000 ordinary shares and 10,000 preference shares with a par value of F15 In exchange of a pleoe of equipment having a marltet 1iralue at the time of P1,000,000. The ordinary shares we re currently selling on this date at P25 per share. cl} The preference shares are convertible to tartiir'uar'gir shares at the rate of 1 preference share to 3 ordinary shares. 5,000 of the preference shares were conyerted during that time. e] Reissuecl half of the treasury sha res at Ple per share. f l The company declared P0.5| per ordinary share dividends to be settled on February 1, 2019. a]: Net income for the year Is F43?,000 What is the amount of ordinary share premium as of December 31, 2010

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