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Retained earnings, 1/1/2020 ₱4,000,000

Retirement of treasury shares 100,000


Property Dividend (900,000)
Cash dividend – preference (200,000)
Net income for 2020 3,000,000)
Overstatement (1,000,000)
Retained earnings, 12/31/2020 ₱ 5,000,000

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