Crystal Company provided the following shareholders equity on December 31, 2019 Ordinary share capital, P10 par P50,000,000, Preference share capital, P100 par, 5% cumulative P100,000,000 There were no changes in share capital outstanding since the first year of operations in 2017. The entity paid cash dividends of P3,000,000 in 2017, P4,000,000 in 2018 and P12,000,000 in 2019 What amount was received as cash dividends by preference shareholders in 2019? Select the correct response 253.000.000 4,000,000 5,000,000 8,000,000