The following data were compiled to preparation of the financial statements of Stalker Company as of December 31, 2020:
Unrealized gain on available for sale security Php 200,000
Excess of par – ordinary share 500,000
Excess of par – preference share 400,000
Excess of market value over par on ordinary share dividends 200,000
Donated Capital 600,000
Ordinary share capital, par Php 100 8,000,000
Share dividends payable, ordinary 1,000,000
Preference share capital 1,000,000
Accumulated profits, unappropriated 1,500,000
Accumulated profits, reserved:
For bond redemption Php 2,000,000
For plant expansion 2,500,000
For treasury share 800,000 Php 5,300,000
Treasury share at cost 800,000
6. What is the total shareholders’ equity as of December 31, 2020