The Retained Earnings of PQR, Inc. shows a January 1, 2012 balance of P199,760. The Board of Directors of PQR Inc. distributed cash dividends of P11,000 to the company's stockholders. As of December 31, 2012, the retained earnings reported a balance of P280,990. Determine the PQR's net income for 2012. At the start of the fiscal year, STU Company has 100,000 shares of its P10 par value common stock. The stocks were initially issued at P18 per share. On June 16, the company issued additional 20,000 shares at P20 per share. STU has retained earnings of P246,600 at the beginning of the fiscal year. The company reported net income of P89,540. On September 30, cash dividend of P60,000 was distributed to stockholders. Prepare the SCE for STU Company for the fiscal year ended October 30, 2013