Bernabe Company reported the following equity accounts in January 1, 2020: Share Capital, P20 par 8,000,000 Share premium 2,550,000 Retained earnings 1,275,000 All shares outstanding on January 1, 2020 were issued in 2019 for P26 per share. On December  31, 2020, the entity reacquired 20,000 shares at P24 per share and retired them. Immediately  after the shares were retired, what is the balance of share premium

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