As at 1 January 2014 the equity of Masters plc comprised the following:
|
£000 |
|
|
Issued share capital |
500 |
|
Share premium account |
100 |
|
Retained earnings |
89 |
|
Total equity |
689 |
During the year a further 100,000 £1 shares were issued at a premium of 75p. Profit for the year was £37,200 and the level of dividends paid totalled £12,000. The statement of changes in equity would be.