57. Love Company issued 20,000 preference shares of P100 par value for P2,500,000, with 20,000 warrants to acquire 10,000 ordinary shares, P50 par, at P60. On the date of the issuance, the warrants have a market value of P10, but the preference share has no known market value ex-warrant. Subsequently, 18,000 warrants were exercised and the remainder lapsed. How much is the credit entry to Share Premium- ordinary as a result of the exercise of the warrants