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The following actions took place in respect of a limited company.

1 A transfer of $50000 was made from retained earnings to general reserve.

2 An issue of $200000$ ordinary shares of $1 each at a price of $\$ 2.50$ each was made.

3 Non-current assets with a carrying value of $\$ 1250000$ were revalued at $\$ 1500000$.

4 Ordinary dividends of $100000 were proposed.

What was the increase in the company’s total equity?

1 ) 

$450000

2 ) 

$500000

3 ) 

$650000

4 ) 

$750000

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