Problem 23 Chicken Fingers Corporation owned 10,000 shares of equity securities of Cafeteria Company with carrying amount of P90 per share. On October 31, 2019, Chicken Fingers Corporation declared these shares as property dividend to be paid on March 31, 2020. The quoted price for Cafeteria share is P130 on October 31, 2019, P150 on December 31, 2019 and P110 on March 31, 2020. Required: Prepare journal entries in connection with the property dividend