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? Dividends on preferred and common stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following

? Dividends on preferred and common stock
Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over
a six-year period: 20Y1,$60,000;20Y2,$80,000;20Y3,$160,000;20Y4,$160,000;20Y5,$170,000; and 20Y6,$180,000. ?During the entire period
ended December 31 ?of each year, the outstanding stock of the company was composed of 400,000 ?shares of cumulative, preferred 2% ?stock, $10 ?par,
and 500,000 ?shares of common stock, $15 ?par.
Required:
Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in
arrears at the beginning of 20Y1. ?Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the
amount is zero, please enter "0".
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