On December 31, 2018 and 2019, Conrado Company had outstanding 40,000 preference shares with P100 par value and 6% cumulative, and 200,000 ordinary shares with P10 par value. On December 31, 2019, dividends in arrears on the preference shares amounted to P120,000. Cash dividends declared in 2019 totaled P440,000. What is the dividend payable on each class of share capital in 2019? o 240,000 Preference: 200.000 Ordinary o 360.000 Preference: 80,000 Ordinary o 320,000 Preference: 120,000 Ordinary
o 440,000 Preference: 0 Ordinary
