The JJJ Corporation has the following classes ofshare capital outstanding as of December 3 1 . 2014:

Ordinary Share Capital, P20 par value, 20,000 shares outstanding

Preference Share Capital, 6%. P100 par value, cumulative. 2.000

shares outstanding

No dividends were paid on preference shares for 2012 and 2013. On

December 3 1, 2014, a total cash dividend of P200,000 was declared.

1. How much dividends will be received by ordinary shareholders

A. 164,000

B. 176.000

C. 188.000

D. 0

2. how much dividends will be received by preference shareholders?

A. 24,000

B. 200,000

C. 12,000

D. 36,000