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Paolo Reyes subscribed to 2,500 ordinary shares (50 par) of Mambo Corporation for 185,000. On the date of subscription, Paolo paid 25% of the total

Paolo Reyes subscribed to 2,500 ordinary shares (₱50 par) of Mambo Corporation for ₱185,000. On the date of subscription, Paolo paid 25% of the total subscription price. Two weeks later, he paid 25% of the unpaid balance. After numerous attempts of collection, no payment was received from Paolo and the subscription was declared as delinquent. Mambo incurred ₱6,500 in advertising the auction. The auction bidders were: Primo, 1,950 shares; Mikko, 1,200 shares; and Edwin, 1,850 shares. 



How many shares will Paolo receive, assuming that there is a highest bidder?

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