The following information relate to the records of BIBI Co.

Authorized Ordinary Shares , 1,000,000 shares, P20 par
Ordinary Share Capital	P5,000,000
Ordinary Shares Subscribed Capital	2,400,000
Ordinary Shares Subscriptions Receivable	960,000
Ordinary Share Premium	80,000

The Ordinary Shares Subscribed of P2,400,000 refers to subscriptions made by 10 persons. Each of the 10 subscribers subscribed to an equal number of shares at par and each one made a 60% payment on their subscriptions.

Assuming six of the ten subscribers of BIBI CO. who still have a balance payable on their subscriptions made full payment,

1. How many shares of ordinary share capital will be issued?

2. How much is the balance of subscription Receivable after collecting full payment from six shareholders?

3. When all of the subscriptions receivable of BIBI CO. have been collected and the shares issued what is the total amount of Share Capital issued and the total number of shares issued?