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PTS Company issued all of its outstanding shares for P150 in 2015. On January 10, 2016, ATC acquired 150,000 treasury shares at P120 per share.

PTS Company issued all of its outstanding shares for P150 in 2015. On January 10, 2016, ATC acquired 150,000 treasury shares at P120 per share. ATC reissued 75,000 treasury shares for P7,500,000 on June 30, 2017 and retired the rest on December 31, 2017. ATCs selected equity accounts as at December 31, 2016 follow: Share capital, P100 par value P225,000,000 Share premium 112,500,000 Retained earnings 37,500,000 What shall be the balance of share capital account on December 31, 2017?

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