Entity A has the following share capital transactions during the year: Issued 10,000 shares with par value of P10 per share for a total consideration of P160,000. Received share subscriptions for 20,000 shares at a subscription price of P22 per share. Only half of the subscriptions were collected by the end of the year. How much is the total share premium arising from the share transactions above? Answer pattern: 1,000,000