Assume the following information for Jewong Co. at December 31, 2020.

12% Cumulative and Non-participating Preference Share, P10 par, 15,000 shares issued and

outstanding

Ordinary Share, P5 par, 60,000 shares issued and outstanding. The company declared and paid cash dividends amounting to P30,000 for the year. At the beginning of the year, undeclared dividends amounted to P13,500. What is the amount of dividends paid to the companys ordinary shareholders?

Group of answer choices

P0

P6,000

P13,500

P30,000