On 1 January 2019, the equity of P Limited stood at $668{,}000$. For the year ended 31 December 2019, profit amounted to $120{,}000$. The following events also occurred during the year ended 31 December 2019: 1 April: an interim dividend of $40{,}000$ was paid 1 July: $50{,}000$ was transferred from retained earnings into general reserve 1 October: $5\%$ debentures worth $200{,}000$ were issued 31 December: a final dividend of $30{,}000$ was proposed What total equity did P Limited have at 31 December 2019?
- A$698{,}000
- B$718{,}000
- C$748{,}000
- D$948{,}000