The following is the information relating to the shareholder's equity of ABC Corporation as of December 31,2020: Preference Share Capital, P 100 par, 15,000 P 1,000,000 shares authorized Ordinary Share Capital, P 10 par, 300,000 shares P 2,500,000 authorized Share Premium-Ordinary 500,000 Share Premium- Preference 300,000 Retained Earnings 350,000