Apple Corporation was authorized to issue 10,000 preference shares of P200 par value and 100,000 ordinary shares of P20 par value. Subscription for4,000 preference shares was received at P225 per...

Apple Corporation was authorized to issue 10,000 preference shares of P200 par value and 100,000 ordinary shares of P20 par value. Subscription for4,000 preference shares was received at P225 per share with a down payment of P25%. The balance is payable after 60 days. What is the amount of Share Premium– Preference recognized by Jungkook upon receipt of the preference sharesubscription?