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
$750000
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