Presented below is the stockholders\" equity of the balanoe sheet as of April 30. Paidin Capital Preferred Stock. 12%. P100 par (20,000 shares authorized. 15.000 shares issued} P 1.500.000 Premium on Preferred Stock 40.000 P 1,540.000 Common Stock. P 50 par {100.000 shares authorized. 00.000 shares issued) 3.000.000 Premium on Common Stock 100,000 3.100.000 Total Paidin Capital 4.540.000 Retained Earnings 500.000 Total Stlmskhtiltters+ Equity P 5.140.000 During the next eight months, selected transactions are: 7 May 10 : Received subscriptions to 5,000 shares of preferred stock at P 102, Collecting half of the subscription price. July 15 : Purchased 10,000 shares of treasury common for P600,000. Sept. 10 : Received 25% of the subscription price of the preferred stock. Oct. 25 : Sold 6,000 shares of treasury common for P 420,000 Dec.10 : Received the balance due on preferred stock subscribed and issued the Shares. Dec.20 : Sold 3,000 shares of treasury common for P 150,000. Dec.29 : Retired the remaining 1,000 shares of treasury common. INSTRUCTIONS: Prepare all entries necessary to record the above information