Le Bate Au Company Began Operations on March 1, 2011 $€ 4,500,000$

Le Bate au Company began operations on March 1, 2011. During March, Le Bateau sold ordinary shares for $€ 4,500,000$ and incurred a net loss of $€ 610,000$ . Equity at the end of March is

A) $( € 610,000 )$ .
B) $€ 3,890,000$
C) $€ 5,110,000$ .
D) cannot be determined from the information given.