1. The next three questions will be based on the following information:

On January 5, 20x1, Aloncho Corp. issued the following shares:

- Preference share, P100 par value, 10,000 shares issued for P110.

- Ordinary share, P50 stated value, 20,000 shares issued for P60.

How much is Preference share that will appear in the Shareholders Equity Section of the Company? 2. On January 5, 20x1, Aloncho Corp. issued the following shares:

- Preference share, P100 par value, 10,000 shares issued for P110.

- Ordinary share, P50 stated value, 30,000 shares issued for P60.

How much is Ordinary share that will appear in the Shareholders Equity Section of the Company? 3. On January 5, 20x1, Aloncho Corp. issued the following shares:

- Preference share, P100 par value, 10,000 shares issued for P110.

- Ordinary share, P50 stated value, 20,000 shares issued for P60.

How much is share premium that will appear in the Shareholders Equity Section of the Company?

4. CLARO INC. is authorized to issue P10 par ordinary share capital. The company received subscription from Mr. Oh for 10,000 shares at P15 per share. Mr. Oh paid 30% down payment and the balance is payable at the end of 60 days. After several calls, Mr. Oh failed to pay the balance of his subscription. Thirty days after the due date, the shares were declared delinquent and were advertised for sale at a public auction. Expenses incurred for advertising the sale amounted to P3,000, which were duly paid by the corporation.

What amount would be the total receivable from the highest bidder?