Kindly answer please. My question is rejected 4x 1.How much is the total legal capital? 2. How much the total contributed capital?
GRAPES Company provided the following data for the year:
• Sold 25,000
• Sold 80,000 ordinary shares of ₱10, par at ₱45.
• Purchased and retired 10,000 preference shares at ₱60
• Purchased 5,000 shares at ₱40 to be held as treasury
• Sold 3,000 treasury ordinary shares at ₱50
• Share split up for ordinary shares, 2 for 1
• Shareholders donated 10,000 ordinary shares. One half of these were sold for ₱20
• Retired 500 treasury ordinary shares
• Net income for the year was ₱2,500,000
• Appropriated
Kindly answer please. My question is rejected 4x
1.How much is the total legal capital?
2. How much the total contributed capital?
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