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Shareholder's Equity Transactions Subsequent to Fomation Shanks subscribes for 10,000 shares at par P100. Shanks completely settle his subscription. The corporation pays P30,000 fo connection with the interest pays P600,000, but fails to r expenses incurred in tion of the delinquent shares and eaned 20,000 worth of The following bidders presented themselves to pay the offer price for these cert amount of shares: ain Big Mom Kaidou Blackbeard 4,500 shares 5,000 shares 7,000 shares 1. The minimum offer price would be A. 600,000 B. 630,000 C. 650,000 D 700,000 2. The highest bidder would be A. Kaidou B. Big Monm C. BlackBeard D. Shanks 3. How many shares would Shanks own, considering the highest bidder? A. 0 B. 5,000 C. 5,500 D. 3,000