29. Questions 29, 30 and 31 will be based on the following information:

The shareholders equity section of Marcos Corp. at the end of 20x1 is presented below: 10% Preference share, P100 par, 50,000 shares authorized, 10,000 issued and outstanding ? Ordinary share, stated value of P10, 100,000 shares authorized 600,000 Share premium - Preference 120,000 Share premium - Ordinary 200,000 Retained earnings 1,500,000 Total Shareholders' Equity ?

HOW MUCH IS THE LEGAL CAPITAL? 30. The shareholders equity section of Marcos Corp. at the end of 20x1 is presented below: 10% Preference share, P100 par, 50,000 shares authorized, 10,000 issued and outstanding ? Ordinary share, stated value of P10, 100,000 shares authorized 600,000 Share premium - preference share 120,000 Share premium - ordinary 200,000 Retained earnings 1,500,000 Total Shareholders' Equity ?

WHAT IS THE ISSUE PRICE OF PREFERENCE SHARE? Answer should be in whole number no decimal place ( EX: 150) 31. The shareholders equity section of Marcos Corp. at the end of 20x1 is presented below: 10% Preference share, P100 par, 50,000 shares authorized, 10,000 issued and outstanding ? Ordinary share, stated value of P10, 100,000 shares authorized 600,000 Share premium - preference share 120,000 Share premium - ordinary 200,000 Retained earnings 1,500,000 Total Shareholders' Equity ?

WHAT IS THE ISSUE PRICE OF ORDINARY SHARE?

Round off your answer to two decimal places (EX: 17.60)

36. JOWKIE Corporation issued 10,000 shares, P150 stated value for P1,600,000.

The total direct transaction cost related to issuance of shares paid amounted to P50,000.

How much is the total share premium to be presented in the shareholders equity?

(ANSWER PATTERN EX: 100,000)