Problem 8 The following information pertains to Orange Corporation. Treasury shares costing P100,000 acquired for P30,000. The treasury shares have not been reissued as of year-end. The company has P1,000,000 outstanding loan on December 31, 2020. The term of the loan agreement requires the entity to restrict earnings of the company equal to the face amount of the loan. The company plans to expand its business to foreign operations. The board of directors decided in a board meeting to allot P5,000,000 for the planned expansion. What amount of retained earnings should be restricted as a result of these items