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Giselle Company was organized on January 2, 2015 with 300,000 ordinary shares with a P6 par value authorized. During 2015, Gisellehad the following transactions: January

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Giselle Company was organized on January 2, 2015 with 300,000 ordinary shares with a P6 par value authorized. During 2015, Gisellehad the following transactions: January 2 - Issued 60,000 shares at P10 per share March 1 - Issued 20,000 shares at P11 per share May 9 - Purchased 7,500 shares at P12 per share July 2 - Issued 15,000 shares at P13 per share August 17 - Sold 5,000 treasury shares at P14 per share If Giselle Company uses the cost method to record treasury stock transactions, how much would be the additional paid-in capital account at December 31, 2015

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