You were assigned to audit the shareholders equity of Trib. The Company was incorporated in early 2018 and was authorized to issue 500,000 ordinary shares (P100 par) and 250,000 preference shares (P50 par). Below are the companys capital balances as of December 31, 2018:

Ordinary shares, 50,000 shares issued during the companys incorporation at P150 per share amounting to P7,500,000

Preference shares, 20,000 shares issued in exchange for a building with a fair market value of P1,200,000.

Retained Earnings at the end of the year is P5,540,000.

Your inquiries revealed the following 2019 transactions:

1. On January 5, the Company issued 10,000 ordinary shares to employees as payment of their services. The shares are currently selling on this date at P175 per share.
2. On March 10, the Company issued 10,000 ordinary shares and 8,000 preference shares for a total lump sum of P2,800,000. On this date, market values per share of ordinary shares and preference shares are P175 and P75, respectively.
3. On February 28, the Company issued 15,000 ordinary shares and 3-year, 12% P2,000,000, face value bonds for a total consideration of P5,000,000. The bonds which pay semi-annual interest every January 1 and July 1, are currently quoted at 110.
4. On August 1, 20,000 preference shares were subscribed at P80 per share. Of the total subscription price, 30% was immediately collected, with the remaining balance due after 3 months.
5. On October 31, receivables for the 15,000 shares subscribed on August 1 were fully collected, thus the corresponding shares were issued. The subscribers of the remaining shares defaulted, as a result, the Company offered the remaining shares in auction. The Company paid P15,000 in auction-related expenses.
6. On November 25, the Company selected the highest bidder for 4,000 shares, thus the amount due was collected and the remaining shares were issued.
7. The Company distributed a 10% bonus issue on ordinary shares. The fair value of the ordinary share on this date is P190 per share.
8. The Company registered an adjusted net income in 2019 of P3,260,000.

The following were the 2020 transactions:

1. On January 15, the Company issued 5,000 ordinary shares to the Companys outside legal counsel. On this date, the fair market value of the legal services received on this date is P850,000.
2. On February 5, to effect a troubled debt restructuring with its creditor, the Company issued 10,000 ordinary shares to its creditors as a settlement of its outstanding loan of P2,250,000, inclusive of interest payable of P50,000. The shares are currently selling on this date at P200 per share.
3. On March 5, the Company issued 3,000 ordinary shares to its creditors as a settlement of the Companys outstanding liabilities of P525,000, which is inclusive of interest payable of P15,000 in compliance with the original terms of the debt. The shares are currently selling on this date at P175 per share.
4. The Company distributed a 25% bonus issue on ordinary shares.
5. The adjusted profit for the year amounted to P4,200,000, exclusive of the previous transactions.

Determine the 2020 year-end adjusted balances of the following:

1. Ordinary Share Capital
2. Preference Share Capital
3. Share Premium Ordinary Shares
4. Share Premium Preference Shares
5. Retained Earnings
6. Total Contributed Capital
7. Total Shareholders Equity