On January 2, 2010, Megan Company declared and distributed its onlyinvestment in equity securities as dividend. At the time of the declaration,the securities has a carrying value of P500,000 and a...

On January 2, 2010, Megan Company declared and distributed its only investment in equity securities as dividend. At the time of the declaration, the securities has a carrying value of P500,000 and a related unrealized loss of P100,000. By what amount should Megan Company charge its accumulated profit as a result of the property dividend declaration? *