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

1. 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 undeclared dividends amounted to P13,500.

What is the amount of dividends paid to the company's ordinary shareholders?

2. AU Inc. declared 15% share dividend on its 15,000 issued and outstanding shares of P10 par value ordinary share, which had a fair market value of P5 per share before the share dividend was distributed 90 days after the declaration date. The company's current liabilities will increase by how much?