The stockholders/ equity section of Glavine Company revealed the following information on December 31, 2019:

Preference share, P100 par 1,150,000

Premium on share capital - Preference share 402,500

Ordinary share, P15 par 2,620,000

Premium on share capital - Ordinary share 1,375,000

Subscribed ordinary share 250,000

Retained earnings 950,000

Note payable 2,000,000

Subscriptions receivable - Ordinary share 200,000

How much is the legal capital?