The Lion Corporation had the following classes of share outstanding as of December 31, 2020:

6% Preference share capital, P20 par value,

10,000 shares outstandingP200,000

Ordinary share capital, P10 par value, 30,000

shares outstanding300,000

No dividends were paid on preference share for 2018 and 2019. On December 31, 2020, a total cash dividend of P150,000 was declared.

Q9If preference is cumulative and non-participating, how much is the total dividends payable to preference and ordinary shareholders, respectively?

Q10If preference is cumulative and fully participating, how much is the dividend per share payable to preference shareholders?

Q11 If preference is non-cumulative and non-participating, what is the rate of dividend payable to ordinary shareholders?

Q12If preference is non-cumulative and participating up to 10%, how much is the total dividend payable to preference shareholders?