A corporation has 20,000 shares of P30 par value ordinary shares capital and reacquires 4,000 shares at P40 as treasury shares. What is the balance in the Ordinary Share Capital account after the purchase of treasury shares? P440,000 P480,000 O P600,000 O none of these Last September 6, 2020, Brown Co. issued 2,000 shares of its P10 par value ordinary share capital in exchange for a piece of land to be held for future plant site. Brown Co.'s share capital was listed and traded at P27 per share on the same date. The land has no known market value. How much is the increase in the ordinary shares premium resulting from the exchange? O PO O P20,000 P34,000 O P40,000