PLEASE ANSWER ASAP!

An entity was organized on January 1, 2021. On that date, it issued 400,000 ordinary shares of P10 par value at P15 per share. The entity was authorized to issue 500,000 ordinary shares. During the period January 1, 2021 through December 31, 2022, the entity reported net income of P2,500,000 and paid cash dividend of P500,000. On January 5, 2022, the entity purchased 20,000 ordinary shares at P20 per share. On December 31, 2022, 15,000 treasury shares were sold at P40 per share and the remaining treasury shares were retired. The entity used the cost method of accounting for treasury shares. What amount should be reported as total stockholders' equity on December 31, 2022? 8,275,000 8,200,000 8,100,000 8,125,000