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You are engaged in the audit of Lucky Corporation, a publicly listed entity whose shares are traded in the Philippine Stock Exchange. Lucky has

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You are engaged in the audit of Lucky Corporation, a publicly listed entity whose shares are traded in the Philippine Stock Exchange. Lucky has 30,000 shares of P20 stated value ordinary share capital. Only 50% of these shares have been issued out of which only 11,000 are outstanding. On December 31, 2021, the Lucky's Shareholders' Equity section showed that the total balance in Additional Paid-in Capital was P4,160,000 and the Retained Earnings balance was P1,100,000. Treasury shares were purchased at an average cost of P37.50 per share. During 2022, Lucky had the following transactions: Jan 15 Feb 1 Mar 15 Apr 15 Apr 30 Apr 30 May 1 May 31 June 1 Sept 15 Issued, at P55 per share, 800 shares of P50 par, 8% cumulative preference shares; 2,000 shares were authorized. Sold 1,500 ordinary shares (newly issued) at P42 per share. Declared cash dividend on ordinary shares of P1.50 per share, payable on April 30, to all shareholders of record on April 1. Reacquired 200 ordinary shares for P43 per share. Paid the dividends. Employees exercised 10,000 options granted in 2018 under a share option plan. When the options were granted, each option entitled the employees to purchase one ordinary share for P40 per share. The share price on the grant date was P45 per share. Lucky issued new shares to the employees. The fair value of the options at the date of the grant was P6, while its fair value on this date is P7.50. Declared 10% bonus issue to be distributed on June 1 to shareholders of record on May 7. The market price of the ordinary share was P55 on May 1. Sold 150 treasury shares reacquired on April 15 and an additional 2,000 shares on hand since beginning of the year. The selling price was P57 per share. Distributed the bonus issue. Semi-annual cash dividend on ordinary share was declared amounting to P1.50 per share. Lucky also declared the annual dividend on preference share. Both are payable on October 15 to shareholders of record on October 1. Oct 15 Paid the dividends. Net profit for the year was P500,000. Dec 31 Required: Compute the following as at December 31, 2022: a. number of shares and peso amount of preference shares b. number of shares and peso amount of ordinary shares number of shares and peso amount of treasury shares total amount of additional paid-in capital C. d. e. total amount of retained earnings

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