3. Katrina Company reported the following shareholders' equity at the beginning of current year: Share capital, 250,000 shares authorized, P30 par 100,000 shares issued and outstanding Share premium 3,000,000 4,000,000 8,000,000 Retained earnings The board of directors declared a 10% share dividend on April 1 when the market value of the share was P70. The share dividend was issued on July 1 when the market value of the share was P100. The entity sustained a net loss of P1,200,000 for the current year. What amount should be reported as retained earnings at year-end? b. 8. 6,100,000 6,500,000 6,800,000 C.