Investment in Equity Securities – Additional problems

The following are the transaction of the entity regarding its equity investment to another entity
January 1 – Purchased 100,000 shares for P1 each.
July 31 – Received 5,000 shares in lieu of cash dividends. The fair market value of the shares is P2 per
share. The cash dividend that should have been received is P8,000
August 5 – Received P20,000 cash in lieu of 15,000 shares. The fair market of the share dividends is
P30,000.
1. How much is the dividend income from July 31, transaction?
2. How much is the cost per share after the July 31, transaction?
3. How much is the dividend income from August 5, transaction?
4. How much is the dividend income for the year?
5. How much is the total income from the investment during the year?

The following are the transaction of the entity during the year regarding its investment
January 1 – Purchased 50,000 shares for P9 each
January 5 – The investee declared 6:2 share split
January 10 – Sold 30,000 shares for P4 each
January 15 – Received cash dividend for P2 each share
January 20 – Received share dividends of 10%. The market value of the share received is P5 per share
January 31 – Sold 20,000 shares for P3 each.
1. How much is the cost per share on January 5?
2. How much is the gain or loss on sale on January 10?
3. How much is the dividend income on January 15?
4. How much is the cost per share on January 20?
5. How much is the gain or loss on sale on January 31?