1. What is a corporation? 2. What are the (3) basic stages constituting the formation of a corporation? 3. Choose from the following words the different account titles used in recording capital transactions and discuss its meaning at least 5 words to discuss: Capital Stock Common Stock Dividends Paid-In Capital Preferred Stock Retained Earnings Treasury Stock 4. The shareholders' equity of Entity A on September 1, 20x1 is as follows: Share capital, P10 par value 1,000,000 Subscribed share capital 200,000 Share premium 400,000 Retained earnings 650,000 Treasury shares (P15 cost per share) (1,450,000) Total shareholders' equity 2100,000 Case 1: Cash dividends Entity A declares cash dividends of P2 per share on September 15, 20x1 to shareholders of record as of September 21, 20x1, for distribution on September 30, 20x1. Provide the journal entries