Problem 2 Juan Company issued 10,000 ordinary shares with Php 200 par value and 20,000 preference shares with Php 200 par value for a total consideration of Php 8,000,000. At the date of issue, the ordinary share was selling for Php 360 and the preference share was selling at Pp 270. Required: (10 points) 1. Compute for the amount of the proceeds that should be allocated to the preference shares. 2. Compute for the amount of the proceeds that should be allocated to the ordinary shares. 3. Determine the amount of the share premium from the issuance of preference shares. 4. Determine the amount of the share premium from the issuance of the ordinary shares