Shown below is the shareholders' equity of May Corporation on January 1, 2021: May Corpotation Shareholders' Equity January 1, 2021 Pain-in Capital (In Philippine Peso) 10% Preference Share Capital, 20,000 authorized, 15,000 shares issued of which 1,000 shares are in Treasury Subscribed Preference Share Capital, 2,000 Shares Subscription Receivable - Preference Shares Ordinary Share Capital, 50,000 shares authorized, P50 stated value, 30,000 shares issued Subscribed Ordinary Shares, 5000 shares Subscription Receivable - Ordinary Shares Additional Paid-in Capital Preference Share Premium Paid in Capital in excess of Stated Value Total Paid-in Capital Acc mulated Profits Total SHE before Treasury Shares Treasury Shares, 1,000 Preference shares at cost Total Shareholders' Equity 1,500,000 200,000 100,000 100,000 1,500,000 250,000 100,000 150,000 340,000 350,000 3,940,000 1,200,000 5,140,000 (115,000) 5,025,000