Use the Data Below to Calculate MNB Ltd's Share Issue

Multiple Choice

Use the data below to calculate MNB Ltd's share issue made in 2017.

Equity balance (01/07/2017) - $700,000
Equity balance (30/06/2018) - $1,070,000
Retained Earnings (30/06/2018) - $230,000

There were no dividends declared in the current year and no other reserve accounts.

A) $610,000
B) $150,000
C) $140,000
D) $380,000