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B. King Corp. was authorized to issue 100,000 shares of ordinary share with a P50 At the stated value and 200,000 shares of 12% preference shares, P100 par value end of the first year of operation, its trial balance included the following account balances: Preference Shares Ordinary Share Capital Subscription Receivable-Ordinary - Current Subscription Receivable - Preference-Current Subscribed Preference Share Capital Preference Share Premium Ordinary Share Premium Subscribed Ordinary Share Capital P 5,420,000 1,880.000 212,000 550,000 660,000 154,000 20,000 330,000 6. Assume all invested in cash, give the total cash collected. 7. What was the average consideration received or receivable for each share of preference capital? 8. What was the average consideration recelved or receivable for each share of ordinary 9. What is the shareholders' equity? 10. How much is the legal capital? capital