At 31 December 2019, the total shareholders’ equity stood at $45500$. In the year ending 31 December 2020, these events occurred. 1 An issue of $10000$ ordinary shares of $1$ each at a premium of $0.25$ was made. 2 A bonus issue of $5000$ shares of $1$ each was made. 3 Buildings were revalued from $250000$ to $265000$. 4 The profit for the year was $20400$. 5 There was a transfer to the general reserve of $6000$. 6 The directors proposed a final dividend of $8000$. Calculate the balance of the shareholders’ equity at 31 December 2020?
- A$85400$
- B$87400$
- C$93400$
- D$98400$