Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and 300,000 shares of P30 par ordinary shares. During the current year, the corporation declared and paid a...

Extracted text: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and 300,000 shares of P30 par ordinary shares. During the current year, the corporation declared and paid a total cash dividend of P900,000. Required: For each of the following independent cases below, compute the total dividends to be received by each class of stock. 3. The preference share is non-cumulative and participating