Guimba Corporation has the following data on stock issued and outstanding on December 31, 2020:

10% Preference share, P10 par 450,000 Ordinary share capital, P10 par 300,000 Retained earnings 450,000

Dividends were in arrears for 2 years, excluding the current year. The Board of Directors declared P300,000 cash dividends. Assume that the preferred share is non-cumulative and participating. The ordinary dividend per share is?

Group of answer choices

A 1

B. 4

C. 3

D. 2