Lala Corporation had 50,000 ordinary shares of P 100 par value and 25,000 preference shares of P 100 par value, 5% cumulative and participating up to 4%. Dividends on the preference shares are two years in arrears before the current year. The entity distributed P 1,350,000 as dividends in the current year. What is the dividend payable to the ordinary shareholders?

Group of answer choices

a. P 475,000

b. P 875,000

c. P 250,000

d. P 125,000