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6, (20%) The following data were taken from SS Corp financial statements at December 31, 2018: Ordinary Shares, P1O par, 100,000 shares authorized, 10,000 shares

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6, (20%) The following data were taken from SS Corp financial statements at December 31, 2018: Ordinary Shares, P1O par, 100,000 shares authorized, 10,000 shares issued Premium on ordinary shares Retained Earnings Total Shareholders equity P100,000 50,000 200,000 P350,000 The following transactions occurred during the year: March 1, 2019 July 31, 2019 Declared and issued a 10% stock dividend to stockholders on record stock is selling at P15. Paid a cash dividend of P2 per share Required: (a) How many shares were issued on March 1, 2019 and how much is the value? (b) How much was paid for the Cash dividend (c) Restate the Stockholders' Equity

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