Problem 2: DOL Corporation began year 2019 with the following balances in its shareholders' equity accounts: who 4,000,000 200 k Shower xot 20 Ordinary Shares, P20 par, 500,000 shares authorized 200,000 shares issued and outstanding Share Premium - Common Retained Earnings Total 1,500,000 6,300,000 11,800,000 P All outstanding common shares was issued for P28 per share when the corporation was created. Jan 1 The board of the Directors declared a P.10 cash dividend per share to shareholders of record of Jan.30. Feb 28 Paid the cash dividend declared on January 1. Mar 15 Declared a 20% share dividend. The market value of the share is P24 per share. May 1 Distribute the share dividend declared on March 15. June 30 Purchases 20,000 shares of treasury stock at P22 per share. Required: 1. Prepare journal entries to account transactions during the 1st sem of the year. 2. Assume Net Income of P1,830,000, compute Earning Per Share for ordinary shareholders. 3. Assume Net Assets of P10,000,000 ,5,000 preference shares outstanding, 12% non-cumulative and non-participating with dividend declared on June 30, compute Book value Per Share for each class of shareholders