The shareholders’ equity section of the statement of financial position of LW Corporation showed the following balances at December 31, 2020: Ordinary share capital, 10,000 shares issued P300,000...

The shareholders’ equity section of the statement of financial position of LW Corporation showed the following balances at December 31, 2020:

            Ordinary share capital, 10,000 shares issued                        P300,000

            Share premium                                                                         100,000

            Retained earnings                                                                    240,000

            Treasury shares, 1,000 shares                                                   35,000

During 2021, the corporation declared and distributed 50% bonus issue when the fair market value of the shares was P42 per share. What is the balance of the share capital after the bonus issue? Give your answer in this formatxxx,xxx