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Problem 1: On December 31, 2019, Company was registered at SEC with 100,000 authorized ordinary shares of P100 par value. On the same date, 40,000 were sold and issued at P105 per share. On May 15, 2020, the corporation purchased 600 shares of its ordinary share capital at P110 per share. On September 16, 2020, 400 treasury shares were sold at P95. During 2020, the corporation realized an income after tax of P830,000 and paid cash dividend of P200,000. What is the total shareholders' equity of Company on Dec. 31, 2020?
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