HELP Co.

HELP Co. declared P4,000,000 cash dividends to its preference and ordinary shareholders out of its profits in 2023. No dividends have been declared since 2020. Help's shareholder's equity immediately before dividend declaration is as follows: 10% Cumulative Preference Share capital, P200 par P4,500,000 Ordinary Share Capital, P100 par 16,000,000 Retained Earnings 10,000,000 Total Shareholder's equity 30,000,000 1. Compute the dividends to Preference Shareholders 2. Compute the dividends to Ordinary shareholders