The stockholders' equity section of the Willard Corporation's balance sheet shows: The board of directors declares an annual cash dividend of P7 per share, and, in addition, a 10% stock dividend. At the time of declaration, the fair market value of the common stock to be issued is P 120. Present (a) the entry to record the declaration of the cash dividend, (b) the entry to record the declaration of the stock dividend, (c) the stockholders' equity section after the completion of the above transactions and the payment of the stock dividend