On January 1, 2020, Dallas Enterprises acquired 1,000 shares of P5 par value ordinary shares, along with 250 shares ofP25 par value preference shares, of Ford Company in a single transaction for P52,000.Currently, Ford Company's ordinary shares and preference shares are trading for P35 per share and P84 per share respectively.On January 2, Dallas should allocate the cost of the investment in Ford's ordinary and preference shares as follows:

Ordinary sharesPreference shares

a. P35,000P21,000

b. 32,500 19,500

c. 35,000 17,000

d. 23,111 28,889

Please choose 1 and explain. Thank you