The condensed trial balance of Henderson Co. as of July 1, 2019 shows the following accounts and balances: Debit Credit P1,200,000 P400,000 300,000 800,000 1,200,000 500,000 Bonds payable Cost of goods sold Current assets Current liabilities Intangible assets Operating expenses Ordinary share capital, P10 par Property, plant and equipment Retained earnings Sales Share premium-ordinary Treasury shares (20,000 shares) Total 2,000,000 2,000,000 2,300,000 700,000 3,000,000 1,000,000 7,700,000 7,700,000 With the permission of its shareholders, Henderson implemented quasi-reorganization on this date. The following adjustments were to be made, after closing the nominal accounts: a. The treasury shares were retired. These shares were originally issued at P52 per share. b. Total current assets is to be decreased by P100,000. C. Impairment of P600,000 on the property, plant and equipment is to be recognized. d. Goodwill, which had a carrying amount of P400,000, is to be written off. e. The par value of the ordinary shares is to be decreased from P10 to P1. f. The holder of the bonds payable agreed to decrease its claim by P300,000. Face value of P500,000 is to be converted into 100,000 of the new ordinary shares. g. The resulting deficit is to be charged against the share premium from recapitalization. 5. Determine Henderson's total assets after quasi-reorganization. 6. Determine Henderson's total share premium after quasi-reorganization