The accounts shown below appear in the December 31, 2020 trial of Umbrella Corporation:

Preference share capital, issued P100 par

6,400,000

Ordinary share capital, issueP20 par

2,000,000

Subscription receivable, Preference

380,000

Subscription receivable, Ordinary

360,000

Subscribed Preference share capital

600,000

Subscribed Ordinary share capital

440,000

Treasury share capital, preferred, at cost

1,360,000

Share premium

1,700,000

Retained earnings

2,000,000

All subscription receivables are due in 2022.

How much is the total Shareholders' equity of Umbrella Corporation?