The Perseverance Corporation has requested you to audit its financial statements for the year 2013. During your audit, Perseverance presented to you its balance sheet as of December 31, 2012 containing the following capital section:

Preferred stock P10 par; 60,000 shares authorized and issued, of which 6,000 are treasury shares costing P90,000 and shown as an asset	P 600,000
Common stock, par value P4; 600,000 shares authorized, of which 450,000 are issued and outstanding	1,800,000
Additional paid in capital (P5 per share on preferred stock issued in 2000)	300,000
Allowance for doubtful accounts	12,000
Reserve for depreciation	840,000
Reserve for fire insurance	198,000
Retained earnings	2,250,000

Additional information:

1. Of the preferred stock, 3,000 shares were sold for P18 per share on August 30, 2013. Perseverance credited the proceeds to the Preferred Stock account. The treasury shares as of December 31, 2012 were acquired in one purchase in 2012.
2. The preferred stock carries an annual dividend of P1 per share. The dividend is cumulative. As of December 31, 2012, unpaid cumulative dividends amounted to P5 per share. The entire accumulation was liquidated in June, 2013, by issuing to the preferred stockholders 54,000 shares of common stock.
3. A cash dividend of P1 per share was declared on December 1, 2013 to preferred stockholders of record December 15, 2013. The dividend is payable on January 15,2014.
4. At December 31, 2013, the Allowance for Doubtful Accounts Receivable and Reserve for Depreciation had balances of P25,000 and P1,050,000, respectively.
5. On March 1, 2013, the Reserve for Fire Insurance was increased by P60,000; Retained Earnings was debited.
6. On December 31, 2013, the Reserve for Fire Insurance was decreased by P30,000, which represents the carrying value of a machine destroyed by fire on that date. Estimated fire cleanup costs of P6,000 does not appear on the records.
7. The December 31, 2012 Retained Earnings consists of the following:
8. Net income for the year ended December 31, 2013 was P1,297,500 per companys records.

Donated land from a stockholder (market value on date of donation)	P 450,000
Gains from treasury stock transactions	51,000
Earnings retained in business	1,749,000

1. What is the adjusted balance of the preferred stock as of December 31, 2013? 600,000
2. What is the adjusted balance of the common stock as of December 31, 2013? 2,106,000
3. What is the adjusted balance of the additional paid-in capital as of December 31, 2013? 864,000
4. What is the adjusted balance of the appropriated earnings as of December 31, 2013? 303,000
5. What is the adjusted balance of the unappropriated earnings as of December 31, 2013? 2,578,000
6. What is the adjusted balance of the treasury stock as of December 31, 2013? 45,000
7. What is the adjusted balance of the stockholders equity as of December 31, 2013? 6,316,000