On April 8, 2014, Cordillera Corp. declared and issued a 25% ordinary 3 are capital dividend. Prior to this date, Cordillera had 20,000 shares of P2 value ordinary share that were both issued and outstanding The carrying value of each share of stock is P20 at the time of declaration of the dividend. As a result of the share capital dividend, how much will be debited to Retained Earnings? Using the information in Question No. 11. what is the effect of the share capital dividend on total shareholders' equity