GAP Co. owned 30,000 common shares of WWF Corp. purchased in 2018 for P540,000. On October 25, 2021, GAP Co. declared a property dividend of 1 share of WWF Corp. for every 5 shares of GAP Co. share held by a shareholder. On that date, there were 50,000 ordinary shares of GAP Co. outstanding, and the market value of WWF Corp. shares was P30 per share. The entry to record the declaration of the property dividend would include a credit to Retained Earnings of? Blank 1