Polonium Company has two classes of share capital outstanding consisting of 12%, P100 par value preference share and P50 par value ordinary share. The entity reported the following balances at the beginning of the current year: Preference share capital - 5,000 shares P 500,000 Ordinary share capital - 50,000 shares 2,500,000 Share premium - preference 200,000 Share premium - ordinary 500,000 Retained earnings 2,000,000