Tasmania Inc. issued 1,500 shares with P100 par value to Ms. Glanville as compensation for 1,500 hours of accounting services performed. Ms. Glanville bills P150 per hour for her accounting services. By what amount should the share premium account increase as a result of the transaction?

Tasmania Inc. issued 1,500 shares with P100 par value to Ms. Glanville as compensation for 1,500 hours of accounting services performed. Ms. Glanville bills P150 per hour for her accounting services. By what amount should the share premium account increase as a result of the transaction? P225,000 P150,000 P100,000 P75,000