Problem I Vicente Company has been paying regular quarterly dividends to its shareholders. The following equity transactions are shown in the company's books: Jan 1. P2 par value ordinary shares; (1,600,000 shares outstanding; 3,000,000 shares authorized) Feb 15 Issued 100,000 new shares at P5. Mar. 31 Paid quarterly dividends of P2,550,000. May 13 P2,000,000 of P1000 bonds were converted to ordinary shares at the rate of 100 shares per P1,000 bond. June 16 Issued an 11% stock dividend. 30 Paid quarterly dividends. The dividend per share is the same as that paid in the rst quarter. No other equity transactions occurred after June 30. 28. What is the amount of dividend per share that Vicente paid on March 31? a. P150 b. P085 c. P159 d. P1.?'0 29. What is the amount of dividends that Vicente will have to pay in the third quarter in order to pay the same dividend rate as that paid in previous quarters? a. P2,850,000 b. P2391000 c. P3,163,500 d. P3585300 30. What is the total amount of dividends to be paid during the current year? a. P10,305,900 b. P12,040,500 c. P13305300 d. P12,654,000