Kindly provide explanations.

Exercise 6. Various share capital transactions The Kings Corporation has two (2) classes of share capital outstanding: 9%, P20 par Preference and P70 par Ordinary. During the fiscal year ending December 31, 2019, the company had the following equity transactions in chronological order: No. of shares Price per share Issue of preference share Issue of ordinary share Reacquisition and retirement of preference Purchase of treasury ordinary share Share split Reissue of treasury ordinary share 10,000 35,000 2,000 5,000 2-for-1 5,000 Balances of the accounts in the shareholder's equity section of the December 31, 2018 statement of financial position were: Preference Share Capital, 50,000 shares Ordinary Share Capital, 100,000 shares Share Premium - Preference Share Premium - Ordinary Retained Earnings P1,000,000 7.000.000 400,000 1,200,000 550,000 Dividends were paid at the end of the fiscal year on the ordinary share at P1.20 per share and on the preference at the preference rate. Profit for the year was P850,000. 1. How much should be the Preference share capital to be shown on the December 31, 2019 statement of financial position? 2. How much should be the Ordinary share capital to be shown on the December 31, 2019 statement of financial position? 3. What is the total cost of the remaining treasury shares? 4. How much is the total Shareholder's equity to be shown on the December 31, 2019 statement of financial position