On 1 January 2017, a company had total equity of $400000$. The information below relates to the year ending 31 December 2017. 1. In June 2017, there was a rights issue of $20000$ ordinary shares of $1$ each at $1.50$. Every one of these shares was subscribed. 2. Profit for the year amounted to $45000$. 3. Dividends paid during the year came to $8000$ and dividends proposed at the year end were $15000$. 4. A transfer of $10000$ was made to the general reserve. What was the total equity at 31 December 2017?
- A$442000$
- B$452000$
- C$467000$
- D$477000$