Jazz Corporation had 40,000 shares of common stock outstanding on November 30, Year 1. On May 20, Year 2, a 10% stock dividend was declared and distributed. On June 1. Year 2, Jazz issued options to its existing stockholders giving them the immediate right to acquire one additional share of stock for each share of stock held. The option price of the additional share was P6 per share, and no options have been exercised as of year-end. The average price of Jazzs common stock for the year was P20 p