Please help me with this question. This subject is Intermediate Accounting. Thankyou

Use the Foowing information .in answering the next itemfs}: As of December 31. 101?. the following equity items balances of H051! INC. were gathered: Common stock. P10 oar P300.000 Paidin capital in excess ofpar 100.000 Retained earnings 500.000 Treasury shares {i P12 per share cost} 50,000 The following information pertains to the sham transactions of MDBA INC for the year 2013: STOCK RIGHTS Dn January 1. 2013. HUBA INC issued 1 stock right per 1 ordinary share outstanding Iwhich entitle the holders to purchase one ordinary share For P12 for each stock right held. [in that date the fair value of the ordinary shares is P15. Three-foo rths of the stock rights were exercised during the year. The remaining stock rights expired as of year end. h E 0n March 31. 2013r MUBA INC issued 5,000 preference shares with a par value of P5 for P40.000. The preference shares included 2.000 share warrants that entitle the holder to acquire 1,000 ordinary shares for P15. [In that date the fair values at" the preference shares - eat-warrant is F'B per share while the warrants\" fair value is P5 per warrant. The warrants must be exercised until December 31. 2015 for it shall be considered expired if not exercised. Half of the warrants were exercised on November 30. 2010. In relation to stock rights. which of the following statements is {are} oorrect'? I. Upon issuance of stock rights, theyI are recorded through memorandum entry since there is no consideration reoeirvecl from it. 1'1. Upon exercise of the stock rights. share premium shall be credited for \"45.000 III. Upon expiration of stock rights. shore premium from stock rights should be debited for P12.5UD. O lendll O lonly O Ilendlll O lendlll O Lilandlll S ) Answernot given