Dawls Corporation reported stockholders' equity on December 31 of the prior year as follows: P2,500,000 Common Stock,P5 par value, 1,000,000 share authorized, 500,000 shares issued Share Premium- Common Stock Retained Earnings 1,000,000 3,000,000 The following were selected transactions that occurred during the current year The board of directors declared a 5% stock dividend to Feb 15 stockholders of record on March 1, payable March 20. The stock was selling for P8 per share. Mar 9 Paid the stock dividend May 1 A cash dividend of P0.30 per share was declared by the board of directors to stockholders of record on May 20, payable June 1. May 1 A cash dividend of PO.30 per share was declared by the board of directors to stockholders of record on May 20, payable June 1. June 1 Paid the cash dividend The board decided to split the stock for 4 for 1, effective Aug. 20 September 1 Sept 1 Stock split 4 for 1 Dec 31 Earned Net Income for P800,000 Required: 1. Compute for the amount of Ending balance of Retained Earnings 2. What is the amount debited to retained earnings on Feb 15? 3. What is the amount debited to retained earnings on May 1