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The total equity of Kava Ltd at 31 December 2020 amounted to 7,690,000. During the...

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Accounting

The total equity of Kava Ltd at 31 December 2020 amounted to 7,690,000. During the financial year ended 31 December 2021, the company:

Successfully issued 100,000 new ordinary shares with a par (or nominal) value of 50p each, at an issue price of 3.80 per share. Revalued freehold land from its original cost of 340,000 to its fair value of 900,000.

Reported a profit for the year of 470,000

. Paid ordinary dividends totalling 220,000.

Based on the above, what is the total equity of the company as at 31 December 2021

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