57 On April 1,2020, ABC Corporation, a newly formed company, had the following shares issued and outstanding: Ordinary share, P 20 par ( 20,000 shares originally issued for P 60 per share) Preference share, P 50 par (6,000 shares originally issued for P 100 per share) As of April 1, 2020, ABC Inc.'s total legal capital and total shareholder's equity, respectively are* o (1 Point) OP 1,100,000 and P 1,800,000 P 700,000 and P 1,800,000 P 1,800,000 and P 1,800,000 O P 1,800,000 and P 1,100,000 58 Which of the following actions or events does not result in an addition to retained earnings? * (1 Point) a quasi-reorganization net income for the period correction of an error in which ending inventory was understated in a previous year issuance of a 3-for-1 stock split