The shareholders' equity section of H Co. on December 31, 2018 showed the following: Ordinary share P50 par, 105,000 shares issued P5,250,000 Share Premium on Ordinary shares 1,010,000 Treasury shares...

The shareholders' equity section of H Co. on December 31, 2018 showed the following:

Ordinary share P50 par, 105,000 shares issued                                         P5,250,000

Share Premium on Ordinary shares                                                                1,010,000

Treasury shares [5,000 shares)                                                                          300,000

Accumulated Profits                                                                                        10,000,000

The company declared 10% share dividends on the ordinary share when the market value per share is P120.  How much is the amount credited to Share Premium on Ordinary shares on this transaction?