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AAA Castle Company had the following classes of shares outstanding as of December 31, 2022: 6% Preference shares, P100 par value, 1,000 shares outstanding Ordinary

AAA Castle Company had the following classes of shares outstanding as of December 31, 2022: 6% Preference shares, P100 par value, 1,000 shares outstanding Ordinary shares, P20 par value, 20,000 outstanding The last payment of preference dividends was on December 31, 2019. On December 31, 2022, total cash dividends of P90,000 was declared for shareholders of record as of December 31, 2022. Assuming preference shares are noncumulative and nonparticipating, how much cash dividends would be paid to preference and ordinary shares, respectively? P18,000 and P72,000 P6,000 and P84,000 P22,800 and P67,200 P24,000 and P66,000

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