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with solutions pls On January 1, 2018, CALEB Corporation was organized with 20,000...

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Accounting

with solutions pls
On January 1, 2018, CALEB Corporation was organized with 20,000 common shares, Par P100, was authorized. On that date, 10,000 shares were issued at P120 per share. During the year, The Corporation had earned net income of P300,000 and declared and paid cash dividends P100,000. On January 15, 2019, it purchases 200 shares of its own stock at P100 per share. On December 31, 2019, all treasury shares were sold at P80 per share. The 2019 net income amounted to P580,000.
What should be TSHE of the Corporation as of December 31, 2019?

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