4. The shareholders' equity of James Corporation includes the following: Preference share capital, P 100 par 5,000,000 Share premium - preference 500,000 Ordinary share capital, P 25 par 10,000,000 Share premium 550,000 Notes payable 1,000,000 Retained earnings 2,000,000 Subscribed ordinary share capital 300,000 Subscription receivable - ordinary 200,000 Compute for the following: a. total shareholders' equity b. legal capital C. average selling price of the preference shares