Assume the following information of Filay 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 1,200,000

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: Determined 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:

1. Preference share is cumulative and fully participating