how much is the total dividend income?

An entity declares P250 worth of merchandise for every one share. XYZ Company owns 3,000 shares. XYZ Company owns 10,000 shares costing P2,200,000. Subsequently, it receives P300,000 cash in lieu of 1,000 shares originally declared as 10% stock dividend. The business use the "as if" approach. From the above transactions, how much is the total dividend income to be recorded