On December 1, 2019, Bobcat Corporation received a donation of 2,000 shares with P 50 par value from a shareholder. On that date, the share market value was P 350. The shares were originally issued...

On December 1, 2019, Bobcat Corporation received a donation of 2,000 shares with P 50 par value from a shareholder.  On that date, the share market value was P 350.  The shares were originally issued for P 250 per share.  By what amount would this donation cause shareholder’s equity to decrease?