Santol Company retired 50,000 ordinary shares, P5 par value, which it held in the treasury at an average cost of P26 per share on December 31, 2021. The balance in Santol's shareholders' equity accounts before recording the retirement of the treasury shares are:

Ordinary share capital 1,080,000

Share premium 1,500,000

Treasury shares (at cost) 1,300,000

Retained earnings 1,800,000

Santol company should reported ordinary shares outstanding in its December 31, 2021 statement of financial position of?