Please answer the following with explanations

Problem #20 Dividends on Preference and Ordinary Shares Lord Aguilar Corp. plans to declare and distribute a dividend in December 2019. There are 20,000 shares of 7% preference shares, par value P50, and 400,000 outstanding ordinary shares, P1 par value. No dividend was paid in the previous year. Required: Determine the amount of the dividends that should be paid to the preference and ordinary shareholders if the preference shares 1. cumulative and nonparticipating and the total amount that the board of directors has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000. 2. cumulative and participating and the total amount that the board of directors has specified for dividends is (a) P100,000, (b) P168,000, (c) P200,000.Problem #21 Dividends on Preference and Ordinary Shares The preference and ordinary shares outstanding of R. Dela Calzada, Inc. on Dec. 31, 2019 follows: 8% Preference Shares, P10 par, cumulative, participating, 40,000 shares authorized, 10,000 shares issued and outstanding P100,000 Ordinary Shares, P2 par, 10,000,000 shares authorized, 250,000 shares issued and outstanding 500,000 Total Preference and Ordinary Shares P600,000 Required: Calculate the amount of dividends received by preference and ordinary shareholders, respectively, under each of the following assumptions: 1. Preference dividends for 2018 are in arrears. On Dec. 31, 2019, R. Dela Calzada declared a total dividend of P56,000. 2. No dividends are in arrears. On Dec. 31, 2019, R. Dela Calzada declared a total dividend of P66,000. 3. Preference dividends for 2017 and 2018 are in arrears. On Dec. 31, 2019, R. Dela Calzada declared a total dividend of P88,000.Problem #22 Preference and Ordinary Share Dividends The Jardiolin Corporation had the following shares outstanding from 2017 through 2020: Preference Shares, P50 par, 8% cumulative, 10,000 shares authorized, issued and outstanding Ordinary Shares, P5 par, 200,000 shares authorized, issued and outstanding The corporation paid P30,000, P30,000, P94,000, and P130,000 in dividends during 2017, 2018, 2019 and 2020, respectively. Required: 1. Determine the dividend per share and the total dividends paid to ordinary shareholders and preference shareholders in 2017, 2018, 2019 and 2020. 2. Perform the same computations, with the assumption that the preference share was noncumulative