Accounting Proton Company had the following classes of shares outstanding as of December 31, 2020: 6% Preference shares, P100 par, cumulative and participating, 10,000 shares outstandingP1,000,000 Ordinary shares, P20 par, 200,000 shares outstanding4,000,000 Dividends on preference shares have been in arrears for the last two years. On December 31, 2020, a total cash dividend of P900,000 was declared. How much is the amount of dividends payable to preference shares? P324,000 P180,000 P276,000 P220,000