As of December 31, 2014, Lojas Company Reported Assets of R$7,400,000

Multiple Choice

As of December 31, 2014, Lojas Company reported assets of R$7,400,000, liabilities of R$2,200,000, share capital of R$1,980,000 and retained earnings of R$3,220,000. Total equity reported on the statement of financial position as of that date is

A) R$1,240,000.
B) R$5,200 000.
C) R$5,400 000.
D) R$7,400.000.