Box Corp. had the following shareholders' equity section on its statement of

financial position as at Dec. 31, 2018:

6% Preference Shares, P50 par, 100,000 shares authorized, 40,000 shares issued and outstanding. = 2,000,000

Ordinary Shares, P1 par, 1,000,000 shares authorized, 300,000

shares issued. =300,000

Share Premium-Ordinary. =4,700,000

Retained Earnings. =35,200,000

Treasury Stock-Ordinary, 10,000 shares at cost. = (320,000)

Total Shareholders' Equity. = P41,880,000

During 2019 the following events occurred related to shareholders' equity:

a. Sold 3,000 shares of the treasury stock for P20 per share.

b. Declared and distributed as property dividend the investments in equity securities held by Box Company to ordinary shareholders. The securities had a carrying value of

P400,000. Its fair market value was P750,000 on the date of declaration, P760,000 on the date of record, and P756,000 on the date of distribution.

c. Declared a 5% ordinary share dividend. Market value was P40 per share.

d. Declared and paid the annual cash dividends to preference shareholders.

Required:

What are the journal entries for the above-mentioned transactions?