Loraine Single Corporation has an asset of P2,500,000, liabilities of P800,000 and paid in capital of P1,650,000, Retained Earnings of 250,000 Treasury Stocks P200,000. The only stock issued consists of 75,000 shares of Ordinary Shares. Compute for: Average Issue Price of the Stock Matthew Corporation is authorized to issue 1,500,000 shares of its P10 par Ordinary Shares. It has issued half of the stock for P16 per share, recorded net income of P2,000,000, declared but has not yet paid cash dividend of P150,000 and has split its stock 2:1 all during the first year of operations. How much is the total stockholders' equity at the end of its first year operations