EXERCISE 10-4: Problem Solving Problem 1- Cash dividend The following information was lifted from the shareholders' equity section of Neeoma Corporation's statement of financial position: to anoldshigorgas animeano cinematela, gniwolfol adt lo doidw Share capital - P10 par value, 280,000 issued shares Segr MI69P 2,800,000 Subscribed share capital s9, benis191 [slot souberson ob anold rigoigg/940,000 Subscription receivable 290b egginss benislet to goifstig /530,000 Share premium 16897 1,025,000 Retained earnings bagislot abeendoing sist pisd w3his ned1,700,000 Treasury share (at cost, P6/share) 6 70 isq 903 of Isup9 691 ITq01q9 240,000 o nobshgoiggs us sisnin egoig vino end by On June 9, 2020, the board of directors has declared a P3 per share cash dividend to all shareholders of record on June 25, 2020 and payable on July 6, 2020. Required: yd benjuper ed of vozil Jzom et agnimiss benisisi to noidold29T A S On the date of declaration, indicate the direction and amount of the effect of the above dividend declaration on the following accounts: If gniesdoing .d 1. Cash dividend payable 2. Retained earnings CCS r's anipal