As of December 31,2011, Lojas Company Reported Assets Of $\mathrm{R} \$ 3,700,000$

As of December 31,2011, Lojas Company reported assets of $\mathrm{R} \$ 3,700,000$ , liabilities of $\mathrm{R} \$ 1,100,000$ , share capital of $\mathrm{R} \$ 990,000$ and retained earnings of $\mathrm{R} \$ 1,610,000$ . Total equity reported on the statement of financial position as of that date is

A) $\quad \mathrm{R} \$ 620,000$ .
B) $\quad \$ 2,600,000$ .
C) $\quad \$ 2,700.000$ .
D) $\quad R \$ 3,700,000$ .