22.The stockholders' equity section of Peter Corporation's balance sheet at December 31, 20X2, was as follows: Ordinary shares (P10 par value, authorized 1,000,000 shares, issued and outstanding 900,000 shares) P 9,000,000 Share premium 2,700,000 Retained earnings 1,300,000 On January 2, 20X3, Peter purchased and retired 100,000 shares of its stock for P1,800,000. Immediately after retirement of these 100,000 shares, the balances in the share premium and retained earnings accounts should be Share premium Retained earnings a. P 900,000 P1,300,000 b. P1,400,000 P 800,000 c. P1,900,000 P1,300,000 d. ?2,400,000 ? 800,000 (AICPA)