RCA Corp was Incorporated on June 1, 2018, with an authorized 250,000 shares of no par ordinary share capital, stated value P15 and 10,000 shares of 10% preference share capital par value P50. Transaction affecting company's share capital as of June 2018 were as follows: June 1- Issued 50,000 ordinary shares for cash at P15 per share. June 5 - Issued 50,000 ordinary shares in exchange for assets with total market value of P900,000. June 15 - Received subscriptions for 100,000 ordinary shares at P30 and for 5,000 preference shares at P55. June 25 - Received full payment for subscriptions received on June 15 and the corresponding stock were issued. What is the share premium for both ordinary and preference shares? a. 25,000 b. P 300,000 C. P 1,650,000 S. How much is the total equity? a. P 3,250,000 b. P 4,500,000 d. P 1,675,000 C. P 4,675,000 d. P 4,925,000