Alpha Corporation's articles of incorporation provide for 7 directors and an authorized capital stock of P1, 000, 000divided into 10, 000 shares with a par value of P100 per share. In the election of directors for 2010, the following ran forthe position: A, B, C, D, E, F, G and H. On that date, the corporation had 7, 000 outstanding shares of which 5, 000 shareshad been paid in full, while 2, 000 shares were paid to the extent of 50% of the subscription price. All the shares weresubscribed at par value and covered by a binding subscription agreement. If you were a stockholder who owns 500shares, how many votes are you entitled to cast in the election of directors?

a. 500 votes

b. 3, 500 votes

c. 4, 000 votes

d. 7 vote

the answer is B. 3,500 votes kindly explain in detials the solution and basis of this