M. Jacinto Company began year 2014 with the following balances in its shareholders' equity account Retained Earnings All outstanding shares was issued for PHP15 per share when the company was created. Prepare jour entries to account for the following transactions during year 2014: January 10. The board declared a PHP0.10 cash dividend per share to shareholders of record January 28 February 15. Paid the cash dividend declared on January 10. March 31. Declared a 20\% cash dividend. The market value of a share is PHP18 per share. May 1. Distributed the share dividend declared on March 31. July 1. Purchased 30,000 shares of treasury stock at PHP 20 per share. September 1. Sold 20,000 treasury shares at PHP26 cash per share. December 1. Sold the remaining 10,000 shares of treasury stock at PHP7 cash per share