On December 31, 2020, Zebra Company showed the following shareholders' equity: Share capital, P100 par, 100,000 shares authorised, 50,000 shares issued 5.000.000 Share premium 1,000,000 Retained earnings 2,000,000 Treasury sharea. 5,000 at cout 600,000 On December 31, 2020, Zebra Company declared a cash dividend of P30 per share to shareholders of record on January 15, 2021 and payable on January 31, 2021. Required: Prepare journal entry on December 31, 2020, January 15, 2021 and January 31, 2021. 10. Candel Company owned 10,000 shares of equity securities of XYZ Company with carrying amount of P90 per share. On October 31, 2020, Candel Company declared these shares as property dividend to be paid on March 31, 2021. The quoted price for XYZ share is P130 on October 31, 2020. P150 on December 31, 2020 and P110 on March 31, 2021 Required: Prepare journal entries in connection with the property dividend