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X Tiny Co. reacquired its 1,000 0/3 ordinary shares, P5 par value, at the cost of P8 per stock. On the same day, the market value of each share is P7. How much should be credited to Share Premium-Treasury Stock?* 2,000 5,000 3,000 0 X The following data are 0/3 available for the year 2020: Net Income - P250,000; Dividends to cumulative preferred shares - P10,000; 100,000 ordinary shares authorized; 15,000 ordinary shares issued (P5 par value); 20,000 preferred shares authorized, all were issued and outstanding. Last year, no dividends were declared. * 12 11.5 16 15.3