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The following accounts are taken from the records of Amiel Corporation at December 31, 20YY:...

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Accounting

image The following accounts are taken from the records of Amiel Corporation at December 31, 20YY: 6% Preference share capital non-cumulative and non-participating 20,000 shares authorized P100 par value Ordinary share capital, 40,000 shares authorized \begin{tabular}{lr} no par P 50 stated value & 300,000 \\ Subscribed preference share capital & 200,000 \\ Subscribed ordinary share capital & 100,000 \\ Subscriptions receivable - Preference & 50,000 \\ Subscriptions receivable - Ordinary & 60,000 \\ Share premium - Preference & 10,000 \\ Share premium - Ordinary & 12,000 \\ Share premium -Preference treasury shares & 5,000 \\ Share premium - Donated ordinary shares & 8,000 \\ Share dividends distributable - Preference & 25,000 \\ Preference cash dividends declared during the & 30,000 \\ year & \\ Ordinary cash dividends declared during the year & 40,000 \\ Treasury shares - Preference & 15,000 \\ Accumulated profits - free & 285,000 \\ Appropriation for treasury shares & 15,000 \\ Appropriation for sinking fund & 50,000 \\ Allowance for bad debts & 46,500 \\ Accumulated depreciation & 67,000 \end{tabular} Required: Compute the following: 1. Total contributed capital 2. Total reserves 3. Total Accumulated profits 4. Total shareholders' equity

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