The accounts below appear in the December 31, 2018 trial balance of Utah Jazz Corporation:

Authorized share capital, P 100 par P 5,000,000

Unissued share capital 2,000,000

Property Dividends payable 800,000

Subscribed share capital 1,000,000

Subscription receivable- due 2021 400,000

Share premium 500,000

Retained earnings, unappropriated 600,000

Retained earnings appropriated 300,000

Treasury shares, at cost, P 150 per share 150,000

In its December 31, 2018 statement of financial position, Utah Jazz should report total shareholders equity as ______________________