10. ABC Corporation owned 30,000 shares of UV Corporation. These shares were purchased in 2014 for P270,000. On November 15, 2016, ABC declared a property dividend of one share of UV for every ten...

10. ABC Corporation owned 30,000 shares of UV Corporation. These shares were purchased in 2014 for P270,000. On November 15, 2016, ABC declared a property dividend of one share of UV for every ten shares of ABC held by a shareholder. On that date, when the market price of UV was P14 per share, there were 270,000 shares of ABC outstanding. On November 15, 2016, retained earnings is capitalized at?