Required: journalize 2022 transactions.

The following data were compiled prior to preparation of the financial statements of Pauleen Company as of December 31, 2021: Excess of par-ordinary share P 500,000 Excess of par-preference share 400,000 Subscribed ordinary share capital, 25% partially paid 250,000 Subscription receivable-preference (payable June 30, 2022) 450,000 Subscription receivable-ordinary (payable June 30, 2023) 187,500 Subscribed preference share capital, 10% partially paid 500,000 Donated capital 600,000 Ordinary share capital, par P100 8,000,000 Treasury shares, 10,000 shares 800,000 Preference share capital, par P100 1,000,000 Accumulated profits, unappropriated 1,500,000 Accumulated profits, reserved: For bond redemption P2,000,000 For plant expansion 2,500,000 For treasury share 800,000 Additional information: Jan 31, 2022 Issued 6,000 shares of its P100 par ordinary share to Max Las compensation for P1,000 hour of legal services performed. Max Lusually bills P500 per hour for legal services. On this date of issuance, Pauleen share was selling at a public trading at P150 per share. Mar 1, 2022 Exchanged 20,000 shares of its ordinary shares for land. A few months ago, the land was appraised by an independent appraiser at P3,000,000. Boom shares are currently traded at the stock exchange at P170. May 9, 2022 Collected fully half of the subscribed ordinary share capital for which issued the stock certificate. May 25, 2022 Reacquired 12,000 ordinary shares at P120 per share. Jun 1, 2022 Sold 5,000 Treasury shares at P100. The company uses FIFO method. Jun 30, 2022 Shareholders approved a 2 for 1 ordinary share split. Received full payment of the subscribed preference share for which stock certificates were issued. Sep 30, 2022 Sold 7,500 treasury shares at P100 per share. Dec 1, 2022 Retired 5,000 of the remaining treasury shares. Dec 31, 2022 Net income for the year is 2 million. Dec 31, 2022 Appropriated the retained earnings for the treasury shares cost