3. On October 1, Tagpat Corp. owns 10,000 shares at a cost of P120,000 classified a FVTOCI. On the same date, Nadaymen Corp. declared P5 cash dividends onn its outstanding shares payable to stockholders on October 31. However, on October 31, Nadaymen Corp. issued 1 share for every 4 shares held by the stockholders in lieu of the supposed cash dividends previously declared. Required: Prepare all the necessary entries during the current year assuming the investments are measured at fair value and on October 31, the stocks were selling at P21 per share