Assume the following information of CC Inc. at December 31, 2022:

10% Preference share, P100 par,

20,000 shares issued and outstanding P2,000,000

Ordinary share, P20 par

60,000 shares issued and outstanding P1,200,000

Filay Inc. declared and paid cash dividends for the years 2023 through 2025 as follows:

2023-P300,000

2024-P200,000

2025-P800,000

Required: Determine the total dividends and the dividends per share both for preference and ordinary shares for each of the three years, under the following independent assumptions:

a. Preference share is cumulative and fully participating

b. Preference share is cumulative and non-participating. At the beginning of 2023 undeclared dividends on the preference share is P100,000.

c. Preference share is non-cumulative and non-participating. There were P50,000 outstanding dividends in arrears of January 1, 2023.

d. Preference shares is non-cumulative and participating up to 10%.