At the beginning of the current year, Relay Company was organized with authorized capital of 100,000 shares of P200 par value. January 10 Issued 25,000 shares at P220 a share. Issued 1,000 shares for legal services when the fair value was P240 a March 25 share. September 30 Issued 5,000 shares for a tract of land when the fair value was P260 a share. What amount should be reported for share premium? P540,000 P840,000 P500,000 P800,000