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MAS Company has 420,000 shares of P10 par value ordinary shares outstanding

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MAS Company has 420,000 shares of P10 par value ordinary shares outstanding. During the year MAS declared a 20% share dividend when the market price of the shares was P36 per share. Three months later MAS declared a P.60 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by