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?

Please answer immediately.