At the beginning of the current year, BFAR Corp. was authorized to issue 100,000 shares with PHP 50 par value. During th

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At the beginning of the current year, BFAR Corp. was authorizedto issue 100,000 shares with PHP 50 par value. During the year, thecompany had the following chronological transactions related toshareholder's equity:
-Issued 10,000 shares at PHP 70 per share
-Issued 20,000 shares at PHP 80 per share
-Reported net income of PHP 1,290,000
-Declared and paid cash dividends of PHP 348,000
-Declared a 10% share dividend. Fair market value on this dateis PHP 105 per share
-Distributed the share dividend. fair market value on this dateis PHP 90 per share
-Purchased 3,000 treasury shares at PHP 100 per share
How much is the total shareholders' equity at yearend?