Ovember 20, shares were issued for the share split.on december 5, 60,000 shares were issued in exchange for a secondhand equipment. it originally cost p600,000, was carried by the previous owner at a carrying amount of p300,000, and was recently appraised at p390,000.profit for 2020 was p720,000. based on the information and the result of your audit, determine the following as of december 31, 2020: