The retained earnings account of Pretly Co. follows: Date Item Debit Credit 1/1/2019 Balance 485,000 3/31/2019 Dividends declared 200,000 12/31/2019 Profit for the year 324,000 4/1/2020 Share premium 150,000 6/30/2020 Gain on sale of treasury shares 100,000 9/30/2020 Dividends declared 300,000 12/31/2020 Profit for the year 451,000 12/31/2020 Appraisal increase of land 300,000 12/31/2020 Balance 1,310,000 The only other shareholders' equity account in the books of the company as of December 31, 2020 is ordinary share capital, which has a balance of P2,000,000. This is composed of 20,000 issued shares with a par value of P100, all of which are outstanding as of December 31, 2020. . What is the correct balance of retained earnings as of December 31, 2020? b. What is the total share premium as of December 31, 2020? C. what is the total shareholders' equity as of December 31, 2020