On January 1, 2020, Firefly Corporation had 120,000 ordinary shares with a Php10 par value issued and outstanding. During the year, the following transactions occurred: Date March 1 June 1 June 30 Dec. 1 Dec. 15 Transaction Issued 20.000 ordinary shares for Php25 per share. Declared a cash dividend of Php3 per share to shareholders of record on June 15. Paid the Php3 cash dividend. Purchased 5.000 ordinary shares for the treasury for Php20 per share. Declared a cash dividend on outstanding shares of Php2.50 per share to shareholders of record on December 31. Requirement: Prepare all the journal entries for 2020