JBL Companys outstanding share capital at December 31, 2020 consisted of

45,000 shares of 5% cumulative Preference Share, P10 par, fully participating as to dividends. No dividends were in arrears 300,000 Ordinary Share, P1 par.

On December 31, 2020, JBL declared dividends of P150,000. What was the amount of dividend payable to JBL preferred shareholders?

CHOICES

A, 135,000

B. 99,000.

C. .90,000

D 78,750