Atimonan Company issued 8,000 of its 8%, 10-year P1,000 face value bonds with detachable share warrants at 120. Each bond carried a detachable warrant for two shares of Atimonan's P100 par value ordinary shares at a specified option price of P150. Immediately after issuance, the market value of the bonds ex-warrants was P8,100,000 and the market value of the warrants was P900,000. The issuance of the bonds increased Atimonan's equity by