On October 1, 2021, ATN Corporation, a newly formed company had the following shares issued and outstanding: Preference shares, P50 par, 6,000 shares originally issued at P100; Ordinary share P20 par,20,000 shares originally issued at P60. ATN shareholders' equity should report preference share capital, ordinary share capital and paid-in capital in excess of par, respectively at:

a.) P600,000, P1,200,000 0

b.) P300,000, P1,200,000 P300,000

c.) P300,000, P400,000 P1,100,000

d.) P600,000, P400,000 P800,000

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