Item No. 12 is based on the following information: Juliet Company had 20,000 outstanding 11% preference shares with a par value of P 50 per share. On August 8 this year, Juliet redeemed and retired 25% of these shares for P 225,000. On that date, Juliets Preference Share Premium totaled P 300,000. 12. To record this transaction, Juliet should debit (credit) its Preference Share Capital, Preference Share Premium, and Retained Earnings accounts as follows: a. P 250,000; P 75,000; and (P 0). b. P 250,000; P 0; and (P 25,000). c. P 250,000; P (25,000); and (P 0). d. P 225,000; P 0; and (P 0).