MAGIGINGCPAAKO, Co. reported the following balances on December 31, 2020. 14% nonparticipating, noncumulative preference share capital, P3,750,000 par value of P75, 50,000 shares 8%, fully participating, cumulative preference share capital, par value of P50, 80,000 shares P4,000,000 Ordinary share capital, par value of P60, 65,000 shares P3,900,000 The entity plans to declare share dividends. It has not paid any stock or cash dividends before. Also, there hasn't been any change it the capital balances since the entity started operation 5 years ago. The entity reported the following net income and loss for the previous years: 2016 P1,500,000 2017 (P750,000) 2018 (P250,000) 2019 P1,500,000 2020 P1,900,000 If the maximum amount available for dividend on December 31, 2020 is paid, what amount should be distributed to: 1. 14% Preference shareholders? 2. 8% Preference shareholders? 3. Ordinary shareholders? What is the book value per share of: 4. Ordinary shares? 5. 14% Preference Shares? 6. 8% Preference share? What is the total balance of the following shares: 7. Ordinary shares 8. 14% Preference Shares 9. 8% Preference Shares 10. What is the amount of the total dividends declared