Question 5 2 Points At the beginning of the current year, Sol Company declared a 10% share dividend. The market price of the entity's 300,000 outstanding shares of P50 par value was P90 per share on that date. The share dividend was distributed on July 1 when the market price was P100 per share. What amount should be credited to share premium for the share dividend? Blank 1 Question 11 6 Points At year-end, Pack Company canceled 5,000 shares of P50 par value held in treasury at an average cost of P120 per share. Before recording the cancelation of the treasury shares, the entity had the following balances: Share capital issued originally at P75 per share - 2,500,000 Share Premium - 1,250,000 Retained Earnings - 1,000,000 Treasury Shares, at cost - 600,000 What amount should be reported as adjusted share capital at year-end? Blank 1 What amount should be reported as adjusted share premium at year-end? Blank 2 What amount should be reported as adjusted retained earnings at year-end? Blank 3