BERDE CORPN HAS THE FF CAPITAL STRUCTURE SINCE ITS INCORPORATION ON JAN 1, 2016: 10% PREFERENCE SHARES, P100 PAR, 1,000 SHARES ISSUED ORDINARY SHARES, P50 PAR, 8,000 SHARES ISSUED 100,000 400,000 ALTHOUGH PROFITABLE, BERDE CORPN DID NOT DECLARE DIVIDENDS IN YEAR 2016 AND 2017. IN 2018, ITS BOARD OF DIRECTORS DECLARED A CASH DIVIDEND OF P120,000 REQUIRED: ALLOCATE THE P120,000 CASH DIVIDEND BETWEEN PREFERENCE SHARES AND ORDINARY SHARES ASSUMING PREFERENCE SHARES ARE: 1 - 2- 3- 4- NON-CUMULATIVE AND NON-PARTICIPATING CUMULATIVE BUT NON-PARTICIPATING NON-CUMULATIVE BUT FULLY PARTICIPATING CUMULATIVE AND FULLY PARTICIPATING