2.Tang Inc. was authorized to issue 1,500,000 ¥1,000 par value ordinary shares. As of December 31, 2020, the company had issued 240,000 shares for proceeds of ¥594,000,000. During 2020, the company purchased 30,000 treasury shares at a total cost of ¥66,000,000. Later in the year, the company sold half of the treasury shares for ¥42,900,000. The balance in retained earnings at December 31, 2020 was ¥972,000,000 Total equity at December 31, 2020 is
a. ¥290,400,000.
b. ¥1,542,900,000.
c. ¥1,566,000,000.
d. ¥1,599,000,000.