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What amount should be reported as share premium

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Question - At the beginning of 2021, DAI Corp. was organized with authorized capital of 200,000, P500 par value shares. The following transactions transpired during its fir year of business. February 4 - Issued 15,000 shares at P510 per share. April 10 - Issued 3,000 shares for services received (FMV of the services is P1.7 million) October 23 - Issued 5,000 shares in exchange for a land (FMV of the land is P3 million) What amount should be reported as share premium?

Reference no: EM133185144

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