The CFAS Corporation is authorized to issue 100,000 ordinary shares. P15 par value. At the beginning of the year 20,000 ordinary stores were med and outstanding These shares had been issued at P25. During the year, the company entered into the following transactions - Jan. 16-Imed 1.300 ordinary shares at P26 pershare. Mat. 21 Exchanged 12.000 ordinary shares for a building. The ordinary shares were selling at P29 pershare, May 7 Reacquired 500 ordinary shares at P24 per share to be held in treasury July 1 - Accepted subscriptions to 1,000 ordinary shares at P28 per share. The contract called for ow down payment with the balance due on June 30 next yea Sept. 20 - Sold 500 treasury shares at P30 per share, Total contributed capital at December 31 is