Described below are transactions related to Corny Corp.: The national government gives the company a large tract of land. The condition attached to this government grant is that Corny Corp. is to construct a plant facility on the site to provide employment opportunity to its residents. The fair value of the land at the date of grant is determined to be at P5,500,000. A stockholder of the company donated a piece of idle farmland to the company. The fair value at the date of donation was P2,400,000. 200,000 ordinary shares with a par value of P25 are issued in exchange of land and building. The fair values of the land and building acquired are P5,800,000 and P19,800,000, respectively. The stock is currently selling at P180. Prepare the entries for the above transaction.