A The following has been taken from the records of TY Company:

Total income since incorporation	P 3,170,000
Total cash dividends	600,000
Proceeds from the sale of donated stock	400,000
Total value of stock dividends distributed	300,000
Gains on treasury stock transactions	180,000
Unamortized discount on bonds payable	320,000
Appropriation for plant expansion	700,000

Qustion1 : Determine the current balance of total retained earnings.

B. On December 1, 2021, UY Company declared a property dividend. The dividend is payable on January 31, 2022

On December 1, 2021 the carrying amount of the property declared as dividend was P5,000,000 which had a fair value of P7,500,000. The fair values of the property declared as dividend on December 31, 2021 was P9,500,000 respectively

Question 2: Reduction to retained earnings at the time the property dividends were declared on December 1, 2021 is ____

Question 3: The dividends payable account at December 31, 2021 is____

Question4: The gain (loss) included in the profit or loss section of the 2021 comprehensive income statement is____