Solve number 19 and 20. Show solution.

d. 9,200,000 19. Facundo Corporation's post-closing trial balance at December 31, 2016 was as follows: Chi Facundo Corporation Post-Closing Trial Balance December 31, 2016 Debit Credit Accounts payable P 495,000 Accounts receivable P 963,000 Reserve for depreciation 360,000 Reserve for doubtful accounts 54,000 Premium on ordinary shares 1,800,000 Gain on sale of treasury shares 450,000 Bonds payable 720,000 Building and equipment ,980,000 Cash 396,000 Dividends payable on preference shares 7,200 Ordinary share capital (P1 par value) 270,000 Inventories 1,116,000 Land 684,000 Available-for-sale securities at fair value 513,000 Trading securities at fair value 387,000 Net unrealized loss on available-for-sale https://www.coursehero.com/file/20813157/BALANCE-SHEET/ securities 45,000 Preference share capital (P50 par value) 900,000 Prepaid expenses 72,000 Donated capital 800,000 Share warrants outstanding 208,000 Retained earnings 415,800 Treasury shares - ordinary, at cost 324.000 Totals P6,480,000 P6,480,000 At December 31, 2016, Facundo had the following number of ordinary and preference shares: Ordinary Preference Authorized 900,000 90,000 Issue 270,000 18,000 Outstanding 252,000 18,000 The dividends on preference shares are P0.40 cumulative. In addition, the preference share has a preference in liquidation of P50 per share. Based on the above and the result of your audit, determine the following as of December 31, 2016: 1. Share premium/Additional paid-in capital a. P3,213,00 C. P3,050,000 as b. P3,258,000 . P2,600,000 ero.com 2. Total contributed capital a. P4,428,000 P3,770,000 b. P4,220,000 . P1,170,000 3. Unappropriated retained earnings 15.80 P91,800 P37,800 er b. P739,800 S 4. Total equity re a. P4,266,800 C. P4,888,800 b. P4,519,800 d. P4,474,800 20. When preparing a draft of its 2016 balance sheet, Mont Inc. reported net assets of 875,000. Included in the asset section of the balance sheet were the following: Treasury stock of Mont Inc. at cost, which approximates market value on December 31 21,000 Idle machinery 11,200 Cash surrender value of life insurance on corporate executives 13,700 Allowance for decline in market value of non-current equity investments 8,400 amount should Mont's net assets be reported in the December 31, 2016 balance sheet? . 854,000 . 850,000 842,600 d. 834,500 9/9 https://www.coursehero.com/file/20813157/BALANCE-SHEET/