Presented below are balances taken from the records of Sanso Corporation, as of December 31, 2020:
10% Preference Share Capital, cumulative, ₱100 par value = ₱1,000,000
Subscribed Preference Share Capital = ₱750,000
Subscriptions Receivable-Preference = ₱450,000
Ordinary Share Capital, ₱50 par value = ₱920,000
Subscribed Ordinary Share Capital = ₱650,000
Subscriptions Receivable-Ordinary = ₱220,000
Accumulated Profits = ₱2,410,000
Treasury Share-Ordinary, 500 shares = ₱35,000
How much is total shareholders’ equity as of December 31, 2020?