Sing Tao Inc $\$ 1,030,000$ , and Paid Dividends Of

Multiple Choice

Sing Tao inc. began operations on June 2, 2011. During June, Sing Tao sold ordinary shares for HK$11,450,000, earned Revenue of HK$2,020,000, incurred expenses of HK $\$ 1,030,000$ , and paid dividends of $\mathrm{HK} \$ 30,000$ . Equity at the end of June is

A) $\mathrm{HK} \$ 960,000$
B) $\mathrm{HK} \$ 990,000$
C) $\mathrm{HK} \$ 12,410,000$
D) $H K \$ 13,471,000$