39 CFAS Company reported the following shareholders' equity at the beginning of current year: Preference share capital, 100,000 shares, P10 par 1,000,000 Ordinary share capital, 500,000 shares, P10 par 5,000,000 Share premium - Preference Share premium - Ordinary Retained earnings 70,000 200,000 100,000 During the current year, the following transactions were completed: Retirement of 5,000 preference shares at P11 per share. Purchase of 5,000 ordinary shares of treasury at P12 per share. Share split, ordinary share 2 for 1. Reissue of 2,000 shares of treasury at P10 per share. Net income for the year, P300,000. What is the total shareholders' equity at year - end? 2 pts