The Gradison Corporation had the following classes of share outstanding as of December 31, 2020: Ordinary share, P20 par value, 20,000 shares outstanding Preference share, 6 percent, P100 par value, cumulative, 2,000 shares outstanding No dividends were paid on preference share for 2018 and 2019. On December 31, 2020, a total cash dividend of P200,000 was declared. What are the amounts of dividends payable on both the ordinary and preference share, respectively?

P176,000 and P24,000

P164,000 and P36,000

P188,000 and P12,000

P0 and P200,000