Marasigan Corp. received the following items as donations during 2020:

March 21 - Arias Realty gave the corporation 5 hectares of land valied at $6,000,000. Marasigan agreed to build a distribution warehouse on the property and to employ at least 50 local residents.

Apr. 30 - A shareholder donated 10,000 shares of Marasigan $200 par ordinary shares. The stock was selling for $425 per share on Apr. 30.

June 25 - Bobadilla Holdings donated a mobile office, which was moved to the donated land and used as a temporary office. An independent appraisal established the value of the mobile office at $675,000.

July 15 - 4,000 of ordinary shares received as a donation on Apr. 30 were sold for $1,820,000.

Question:

1. Prepare the journal entries to record the transactions related to the donations.

2. Compute the amount of donated capital that Marasigan Corporation would present on the Dec. 31, 2020 statement of financial position (balance sheet).