Humility Company issued P5,000,000 face value 12% convertible bonds at 104 on January 1, 2020, maturing on January 1, 2021 and paying interest semiannually on January 1 and July 1. It is estimated that the bonds would sell only at 98 without the conversion feature. Each P1,000 bond is convertible into 10 shares of P100 par value ordinary share. How much is the increase in stockholders equity arising from the issuance of the convertible bonds on January 1, 2020?