On January 1, Rio Corporation received a charter from the government to issue 500,000 ordinary shares, ₱20 par value and

[answerhappygod]

On January 1, Rio Corporation received a charter from thegovernment to issue 500,000 ordinary shares, ₱20 par value and10,000 10% preference shares, ₱40 par value. As of March 31, thecompany has issued 80,000 ordinary shares at ₱29 and 4,000preference shares at ₱46. On June 1, subscriptions were made for12,000 ordinary shares at par with 30% down. How muchis contributed capital as of June 1?