Accounting for a Corporation. Answer the following case. Please don't use AI. Thank you. The Oriental SPA Corporation on November 1 has its articles of incorporation approved by the SEC. It authorized the company to issue 500,000 shares of P100 par value common stock. The company completed the following stock transactions prior to the opening of its recreational facilities: Oct 1 The five incorporators subscribed to 175,000 common shares at par as follows: Incorporator's Name ;No. of Shares ;Down Payment Nate Gonzaga ;30,000 ;P750,000 Richard Faulkerson ;40,000 ;P1,000,000 James Miguel ;30,000 ;P750,000 Karina Bautista ;50,000 ; P1,250,000 Justin Montas ;25,000 ; P625,000 Nov 5 The lawyer billed the corporation P150,000 for assisting in the incorporation process and was given the corresponding shares. Nov 10 Sold 10,000 shares of its common stock to various stockholders for P1,200,000 cash. Dec 28 Three of the incoporators, Bautista, Montas and Gonzaga, paid the balance of their subscriptions and were issued stock certificates. Dec 30 Additional subscriptions for 20,000 shares each at P110 were received from Rosete and Tabares who paid 25% of their subscription. Required: a. Prepare the journal entries to record the stock transactions using the memorandum entry method. (12 pts) b. How much is the legal capital? (3 pts) c. How many shares are still unissued? (3 pts) d. How many shares are still available for subscription? (3 pts)