49. Allen Company's Shareholders' equity comprised of 50,000 shares of P100 par ordinary shares, P3,000,000 of share premium and retained earnings of P1,500,000. Share dividends of 10% were declared when the shares were selling for P120 per share. What should be the total contributed capital immediately after the issuance of the share dividends? a. 8,000,000 b. 8,600.000 c. 9,000,000 d. 8,500,000