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Recycle Corporation's outstanding capital stock at December 15, 2020, consisted of the following: a. 30,000 shares of 5% cumulative preferred stock, par value P10 per

Recycle Corporation's outstanding capital stock at December 15, 2020, consisted of the following: a. 30,000 shares of 5% cumulative preferred stock, par value P10 per share, fully participating as to dividends. No dividends were in arrears. b. 200,000 shares of common stock, par value P1 per share. On December 15, 2020, Recycle declared dividends of P100,000. What was the amount of dividends payable to Recycle's common stockholders

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