36.The shareholders’ equity of Nicko Corporation is presented below: 10% Preference Share, 2,000 shares outstanding P200,000 Ordinary Shares, 5,000 shares outstanding 100,000 100,000 Preference share...

36.The shareholders’ equity of Nicko Corporation is presented below:

10% Preference Share, 2,000 shares outstanding P200,000

Ordinary Shares, 5,000 shares outstanding 100,000
100,000
Preference share premium 20,000

Ordinary share premium 25,000

Retained Earnings 45,000

Dividend declared for the year P100,000

What is the amount of dividend recieved by Preference Share if Non Cummulative and Non Participating ?