P plc acquires 90% of the ordinary share capital of S plc via a 3 for 2 share issue at a timewhen P’s shares are trading at 280p and those of S at 410p. Prior to the transaction P had 10million 50p ordinary shares, and S 10 million £1 ordinary shares. There is no otherconsideration for this transaction. What is the increase in Equity (credit entry) shown in the books of P plc for this transaction?