Audit of SHE

The shareholders' equity section of MWE Company's statement of nancial position as of December 31, 2022, is as follows: Ordinary share capital. P10 par value [authorised 2,000,000 shares, issued and outstanding 400,000 shares] P450 00,00 0 20%. noncumulative preferred share capital. P5 par value (authorised 1.000.000 shares. issued 200.000] 1 000 000 Share premium - Ordinary 1,000,000 Share premium - Preferred 600.000 Unrealized holding gain [Loss] on FV'I'OCI investments [400,000] Retained earnings 6,000,000 P13,000,000 The following transactions occurred during 2023: Ian. 5 The company issued for P1350300, 100,000 ordinary shares and 50,000 preferred shares. The company incurred share issue cost at P150,000. The ordinary shares were currently selling at P15 per share while the preferred shares at P10. Feb. 10 50,000 previously unissued preferred shares were subscribed at P12 per share. Mar. 25 20.000 previously unissued ordinary shares were issued in exchange for an equipment with a fair market value of P500000. The company incurred share issue costs at \"0,000. Apr. 20 Reacquired 40.000 ordinary shares as treasury shares at P10 per share. May 5 The company declared a 3for2 stock split on ordinary shares. Inn. 30 The company declared and paid cash dividends to preferred shares based on the stated dividend rate and 130.50 cash dividends to ordinary shareholders. Iul. 30 Reissued half of the treasury shares at P115 per share. Aug. 30 A 10% ordinary stock dividend was declared and issued to ordinary shareholders at a time when the market value is at P17 per share. Sep. 16 Collected full payment: on 80% ofthe preferred shares subscribed on February 16 on the due date. The remainder ofthe subscribers on the preferred shares defaulted. Dec. 15 The company declared and paid P0510 cash dividends to ordinary shareholders. Dec. 3 1 The company's investment in equity securities (originally acquired at a total cost of P1.300.000] had a total fair value of P1.500.000 at yearend. There were no acquisitions or disposals of investments during the year. Dec. 3 1 Net income reported for the year amounted to P3510000. Requirement: 1. Give the entry of each transactions from January to December 3 1 2. How much is the total contributed capital as of December 31, 2023? 3. How much is the retained earning -unappropriated as of December 31, 2023