Below are some of the shareholder's equity accounts as of December 31,2020 and 2021.\". _ Authorized Ordinary share Capital 10,000,000 10,000,000 Unissued Ordinary share capital 8,000,000 ?,200,000 Authorized Preference share Capital 5,000,000 Par value of ordinary share - P 20 Par value of preference share - P 50 Cln January 1, 2021, ABC Corporation was authorized to issue 2 classes of stocks: 50,000 preference shares with par value of P 50 and 100,000 ordinary shares with par value of P 20. Cln January 8, 2021, ABC received subscriptions from various subscribers of 20,000 ordinary shares for P 25 per share. 30% from the subscription price were received at subscription date and the balance payable within 50 days. At call date. the balance was not paid and the shares were declared delinquent. A total of P 20.000 was paid for advertising of original unissued shares and delinquent shares and hallc of the total costs relates to the delinquent shares. At the public auction, ABC Corporation received bids from Jhim 10,000.Janus0,000 and Ces12.000 . The amount from highest bidder was collected and share certificates were according issued