The adjusted trial balance of ZZZ Corp. on December 31, 2010 includes the following account balances:

Dividends Payable P 40,000

Ordinary Share Capital (P5 par, 5,000 shares authorized) P 750,000

Ordinary Share Capital Subscribed (10,000 subscribed) P 25,000

Ordinary Share Premium P 50,000

10% Preference Share Capital (25,000 shares authorized, 12,000 shares outstanding) P 300,000

Preference Share Premium P 30,000

Retained Earnings Appropriated for Contingencies P 150,000

Retained Earnings Appropriated for Bond Retirement P 100,000

Retained Earnings - Unappropriated P 450,000

Ordinary Share Capital Dividends Distributable P 105,000

Paid-in, Capital from Share Capital Dividend P 63,000

SHOW SOLUTION PLEASE

1. What is the number of ordinary shares issued and outstanding?

2. What is the par value of each preferred share?

3. What is the market value of the share capital dividend distributable?

4. What is the total amount of retained earnings?