Below is the detailed share capital of Phoebe Garden Corporation as of December 31, 2019:

Authorized Ordinary Share Capital (@ P15 par value) P 6,000,000

Authorized 10% Preference Share Capital (@ P20 stated value) 3,000,000

Ordinary Share Capital 1,500,000

Preference Share Capital 400,000

Ordinary Share Capital Subscribed 2,250,000

Ordinary Share Capital Subscription Receivable 1,200,000 Ordinary Share Premium 300,000

The Ordinary Share Capital Subscribed is equally subscribed by 5 persons. All subscribers made a 60% initial payment. As of December 31, 2019.

1. How many ordinary shares authorized and issued?

2.

3.

O 500,000 shares and 150.000 shares, respectively, 400,000 shares and 100,000 shares, respectively 400,000 shares and 250,000 shares, respectively. 550,000 shares and 270,000 shares, respectively. Using the above question, on January 5, 2020, two out of five subscribers made the full payment. How many ordinary shares will be issued relevant to the full payment of two subscribers? 50,000 shares 60,000 shares 40,000 shares O 80,000 shares Using the above question, after the two subscribers made the full payment on January 5, how much is the balance of Ordinary Share Capital Subscription Receivable? O P 520,000 OP 680,000 OP 480,000 OP 720,000