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BFAR Corp. received a charter authorizing 120,000 ordinary shares at PHP 15 par value per share. During the first year of operations, 41,000 shares were

BFAR Corp. received a charter authorizing 120,000 ordinary shares at PHP 15 par value per share. During the first year of operations, 41,000 shares were issued at PHP 25 per share and 600 shares were issued at PHP 25 per share and 600 shares were issued in exchange for equipment with a fair value of PHP 21,600.

How much is the balance of the Share Premium account?

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