Alpha Corporation acquired 30,000 of SMC ordinary shares at P160 per share as a trading security. Subsequently, it received share rights that would allow him to subscribe for new shares at P150 per share for every five rights held. The market value of the share right on is P180. If the shareholder accounted the share rights separately and it exercised the stock rights, what journal entry would it make? You may show supporting solutions mathematically (not in good accounting form will be accepted.)