The following balances are shown in the shareholders' equity of tamarind company on December 31, 2009: Preference share capital, P10 par, 100,000 shares-----P1,000,000 Ordinary share capital, P10 par,500,000 shares-----P5,000,000 Share premium - preference ------50,000 Share premium – ordinary-----200,000 Retained earnings-----100,000 During  2010, the following  transactions pertaining  to the shareholders' equity were completed: a. Retirement of 5,000 preference shares at P11 per share. b. Purchase   of   5,000   ordinary   shares   at   P12   pershare. c. Share split, ordinary, 2 for 1. d. Reissue of 2,000 treasury shares at P8 per share. e. Profit for 2010, P300,000. The total shareholders' equity on December 31, 2010 is  a.   P6,556,000         c.   P6,350,000 b.   P6,551,000         d.   P6,251,000 pls show the solving process of the problem. thank you

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Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.