Question: The following data were compiled prior to preparing the statement of financial position of the Corporation as of December 31, 2022: Beginning balances January 1,
The following data were compiled prior to preparing the statement of financial position of the Corporation as of December 31, 2022:
Beginning balances January 1, 2022:
| Ordinary share capital, P100 par value | P10,000,000 |
| Share premium ordinary | 3,000,000 |
| Share premium treasury shares | 20,000 |
| Retained earnings unappropriated | 1,500,000 |
| Retained earnings appropriated | 500,000 |
| Treasury shares (2,500 shares) | 300,000 |
Transactions during the current year 2022:
| Issuance of 10,000 ordinary shares at P150 | P1,500,000 |
| Declaration of cash dividends | 300,000 |
| Sale of 1,500 treasury shares | 217,500 |
| Net unrealized loss on equity securities at other comprehensive income | 70,000 |
| Revaluation increment on property Land | 800,000 |
| Subscription of 3,000 ordinary shares | 480,000 |
| Shares subscriptions receivable for 3,000 subscribed shares due in 24 months | 320,000 |
| Acquisition of 1,000 treasury shares | 135,000 |
| Declaration and distribution of 5% share dividends at market value | 582,750 |
| Net income in 2022 | 1,450,000 |
| Appropriation of retained earnings for plant expansion | 610,000 |
How much is the retained earnings unappropriated as of December 31, 2022?
How much is the total contributed capital as of December 31, 2022?
How much is the balance of total shareholders equity as of December 31, 2022?
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