The following data were taken from the accounts of Miami Heat Corporation as at December 31, 2019:
Total net income since incorporation		P 840,000
Proceeds from sale of donated shares		90,000
Scrip dividends declared payable on Jan. 5, 2020		65,000
Ordinary share capital dividend distributable		60,000
Excess of proceeds over cost from sale of treasury shares
What should be the balance of the Retained Earnings as of December 31, 2019? ______________ can you please answer this also? The shareholders equity of Oklahoma Thunder Inc., contain the following: Ordinary Share Capital, P 30 par, 25,000 shares; Ordinary Share Premium, P 87,500 and Retained Earnings of P 150,000. At the end of the year, the original issue of Ordinary Share of P 30 par was replaced by P 30 stated value. As a result, the effect on the total Additional Paid In Capital would be ____________________ (indicate increase or decrease)