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The shareholders' equity of Kendrick Corp. on August 31, 2019, shows the following accounts and balances: 8% Preference share capital, P20 par Ordinary share capital, P10 par Share premium Retained earnings Treasury shares (50,000 ordinary shares, at cost) P 2,000,000 8,500,000 12,000,000 10,000,000 (1,000,000) The preference shares are cumulative and participating. Dividends were last declared and paid in 2015. On this date, Kendrick declared the maximum amount of cash dividends that it can declare. How much of the total dividends will be allocated to the preference shares? How much will be allocated to each ordinary share