reported the following balances on December 31, 2020. 14% nonparticipating, noncumulative preference share capital, par value of P75, 50,000 shares P3,750,000 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 plan s to declare share dividends. It has not paid any stock or cash dividends before. Also, there hasnt 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?