At the beginning of the current year, BFAR Corp. was authorized to issue 100,000 shares with PHP 50 par value. During the year, the company had the following chronological transactions related to shareholder's equity:
-Issued 10,000 shares at PHP 70 per share
-Issued 20,000 shares at PHP 80 per share
-Reported net income of PHP 1,290,000
-Declared and paid cash dividends of PHP 348,000
-Declared a 10% share dividend. Fair market value on this date is PHP 105 per share
-Distributed the share dividend. fair market value on this date is PHP 90 per share
-Purchased 3,000 treasury shares at PHP 100 per share
How much is the total shareholders' equity at year end?