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4. Fearless Corporation was organized three years ago with 1,500,000 shares authorized share capital, P10 par value. By January 1, 2020, the corporation has P3,800,000

4. Fearless Corporation was organized three years ago with 1,500,000 shares authorized share capital, P10 par value. By January 1, 2020, the corporation has P3,800,000 Ordinary Share Capital ledger balance, P1,425,000 Share Premium Ordinary, and Retained Earnings of P3,280,000. During 2020, the corporation debited Treasury Share-Ordinary for P255,000 and recorded net income of 71,400,000. How much is contributed capital on December 31, 2020

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