Arlette Inc had 150,000 outstanding shares entitled to receive dividends. Its par value is P5.75 per share while market value is P8.50. Required: 1. Assume that a 15% stock dividend was declared, determine the amount of debit to Retained Earnings at the date of declaration - 2. Assume that a 35% stock dividend was declared, determine the amount of debit to Retained Earnings at the date of declaration. =