3. Mack Company reported the following outstanding share capital on December 31, 2020: - 30,000 preference shares, 5% cumulative, par value P10, fully participating as to dividends. No dividends were...

3. Mack Company reported the following outstanding share capital on December 31, 2020:
      - 30,000 preference shares, 5% cumulative, par value P10, fully participating as to dividends. No dividends were in arrears.
       -  200,000 ordinary shares, par value P1.
           On December 31, 2019, the entity declared dividends of P100,000. How much is the dividends per share for he Preference Shares?