4. Olive Corporation has 75,000 outstanding shares of P5 par value ordinary share capital and 30,000 shares outstanding of 5% P100 par value preference share capital. During October, the board of directors made the following dividend declarations: October 4 Preference dividend, payable on January 7 to preference shareholders of record on December 15. 21 P3.00 per share dividend, payable on January 7 to ordinary shareholders of record on December 15. Required: Prepare all necessary entries related to the declaration and payment of preference and ordinary dividends