The following select accounts appear in the general ledger for Mac Corporation on December 31, 201F.

Authorized Share Capital, P200 par value, 100,000 shares	P 20,000,000
Subscription Receivable	2,800,000
Unissued Share Capital	5,000,000
Subscribed Share Capital (20,000 shares)	4,000,000
Share Premium	200,000
Appropriated for Treasury Shares	107,500
Appropriated for Sinking Fund	500,000
Stock Dividends Distributable (4,750 shares)	950,000
Share Capital from Donation	350,000
Share Capital from Stock Dividend	47,500
Retained Earnings	2,000,000
Treasury Shares (500 shares @ P215)	107,500
Revaluation Increment	50,000

The subscriptions receivable is callable beyond one (1) year.

1. Prepare the Shareholders Equity section of the balance sheet in good form using the traditional manner of presentation.
2. Prepare the Shareholders Equity section of the balance sheet in good form using the manner of presentation as recommended by the International Accounting Standards.