XYZ Corporation was incorporated with an authorized issue of 1,000, 6% preference shares, par value P100 each and 10,000, P10 par ordinary shares.

Following are the selected transactions of XYZ for the month of January 2016

1.) Subscription at par:

Robert Cruz 1,000 ordinary shares

Jessica Reyes 200 preferred shares

Grace Sanchez 3,000 ordinary shares

6.) Received of the payment of the above subscription.

11.) Issuances of shares for cash

Lorna Vera 100 preferred shares at P105

Melisa Cruz 1,000 ordinary shares at P25

17.)Received full payment of the balance of January 2 subscription and issued stock certificate.

21.) Hired the services of Axis Consultancy Company in exchange for 2,000 ordinary shares. The market value of the services is P50,000.

23.) XYZ purchased 1,000 of its ordinary shares issued to Alma Santos at P40 per share.

30 .) During the month the company earned total revenues of P 1,000,000 and incurred expenses equivalent to 60% of total revenues.

Required:

Prepare the statement of stockholders equity.