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What amounts were payable on each class of share capital

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Question - On December 31, 2010 and 2011, care Company had outstanding 40,000 preference shares with P100 par value and 6% cumulative, and 200,000 ordinary shares with P10 par value. On December 31, 2010, dividends in arrears on the preference shares were P120,000. Cash dividends declared in 2011 totaled P440,000. Of the P440,000, what amounts were payable on each class of share capital?

Reference no: EM132926453

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