There were no other transactions during April.

The total preference shares issued and subscribed represents 50% of the preference shares authorized. The ordinary shares issued for cash represents 1/4 of the ordinary shares authorized.

Based on the information above, answer the following:

How much is the total legal capital?

How much is the total contributed capital?

1 Use the following Information for the next two items: Cetrion Corporation was formed on April 1, 2020. The general ledger accounts for the Cetrion Corporation show the following activities for the first month of operations: Cash Preference Share Capital, P50 per (1) 81,250 (2) 100,000 35,000 (0) 25,000 (7) 40,425 (10) 50,000 (9) 103,500 Ordinary Share Capital, no par P5 stated value Pre-operating Expenses (1) 62,500 (3) 5,400 (3) 4,000 (8) 17,500 Land 150,000 (2) Subscribed Preference Share Capital 50,000 (6) 125,000 (10) Subscriptions Receivable - Ordinary 53,900 (1) 40,425 (5) Subscribed Ordinary Share Capital 17,500 (5) 35,000 (8) Subscriptions Receivable - Preference (6) 172,500 (9) 103,500 Share Premium - Preference (2) 50,000 10,000 47,500 (6) Share Premium - Ordinary (1) 18,750 1,400 18,900