66. An entity began operations in January 2013 and reported the following net income or loss for five years of operations: 2013 P1,500,000 loss 2014 1,300,000 loss 2015 1,200,000 loss 2016 4,500,000 income 2017 9,000,000 income On December 31, 2017, the capital accounts were as follows: Preference share capital P100 par 12% participating and cumulative 100,000 shares P10,000,000 Preference share capital P100 par 10% nonparticipating noncumulative 50,000 shares 5,000,000 Ordinary share capital P10 par 1,000,000 shares 10,000,000 If the maximum amount available for cash dividend is declared on December 31, 2017, what amount of dividend is payable to 12% preference shareholders? a. P6,000,000 b. P6,900,000 c. P1,100,000 d. P1,200,000 10% preference sharehoiders? a. P2,500,000 b. P2,860,000 c. P500,000 d. P860,000 Ordinary shareholders? a. P2,100,000 b. P1,200,000 c. P1,920,000 d. P4,500,000