Question 12 2 pts Entity A was incorporated on January 1, 20x1 with an authorized capitalization is P1,000,000 divided into 100,000 shares with par value of P10 per share. The following were the share-related transactions during the year. Cash subscriptions of 30,000 shares at P12 per share. Subscriptions of 40,000 shares at P18 per share. Seventy-five percent of the subscription price was collected during the year. How much is the Entity A's total shareholders' equity after recording the transactions above? Answer pattern: 1,000,000