73. Davies Corporation's shareholders' equity at the beginning of the year shows the following balances: - 10% Preference Share, P50 par: P2,000,000 - Ordinary Share, P30 par: P3,000,000 - Share Premium-Preference: P4,000,000 - Share Premium-Ordinary: P5,000,000 - Treasury Shares (10,000 ordinary shares): P450,000 - Accumulated Profits-Free: P6,000,000 - Accumulated Profits-Appropriated: P1,000,000 The following selected transactions happened during the year: \begin{tabular}{cl} \hline Date & Transaction \\ \hline Feb 29 & The treasury shares were reissued at P50 per share. \end{tabular} Jul 31 A 10% share dividend was declared. On this date, each preference share and ordinary share had a fair value of P70 and P50, respectively. Aug 31 Davies declared total cash dividends worth P1,000,000. Preference shares are participating. Dec 31 Net income for the year was P2,500,000. How much is total shareholders' equity at year-end? 74. On January 1, Puroland Corporation was incorporated, with 100,000 authorized ordinary shares of P100 par value. On the same date, 50,000 shares were sold and issued at P110 per share. On May 14, the corporation reacquired 800 ordinary shares at P120 per share. On September 16, 500 treasury shares were sold at P110. At the end of the year, the corporation realized a net income of P950,000. Out of unrestricted retained earnings, cash dividend of P300,000 was paid and P150,000 was appropriated for contingencies. How much is total shareholders' equity as of December 31