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l. (Five items) A junior accountant of RodLeny Corporation is seeking your assistance as to how to complete the following shareholders' equity section of the balance sheet: Shareholders' Equity: Contributed Capital 5% Preference shares, par value per share. 15,000 shares authorized. 9,000 shares issued and outstanding Ordinary shares, par value P 10 per share. 100,000 shares authorized, shares issued and outstanding Subscribed, 1,500 shares Additional Paid-in Capital - Excess over par Preference shares - Excess over par - Ordinary shares Retained Earnings Total Shareholders' Equity Additional Information: P 405.000 P 1,500.000 P 80,000 Undistributed earnings of the corporation is P 9.000. No dividends had ever been paid. II. (Two items) A-plus Asia Inc. was organized on January 1, 2007. It was authorized to issue 100,000 shares of ordinary shares capital. par value P20. The minimum required subscription was received at P25 per share. How many shares must be subscribed at the time of incorporation? How much of the subscriptions must be paid up?