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SUCCOR HELP AID RELEIF Co. declared P3,600,000 cash dividends to its preference and ordinary shareholders out of its profits in 2023. No dividends have been

SUCCOR HELP AID RELEIF Co. declared P3,600,000 cash dividends to its preference and ordinary shareholders out of its profits in 2023. No dividends have been declared since 2021. SUCCORS shareholders equity immediately before dividend declaration is as follows:

10% Cumulative Preference Share capital, P200 par

P4,000,000

Ordinary Share Capital, P100 par

16,000,000

Retained Earnings

10,000,000

Total Shareholders equity

30,000,000

Compute the dividends to Preference Shareholders

Compute the dividends to Ordinary shareholders

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