Chapter 13:

DividendsonPreferredandCommon 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: Year 1, $32,000; Year 2, $96,000; Year 3, $152,000; Year 4, $176,000; Year 5, $232,000; and Year 6, $280,000. During the entire period ending December 31 of each year, theoutstanding stockof the company was composed of 20,000 shares of cumulative, 4% preferred stock, $100par, and 100,000 shares of common stock, $20 par.

1.Determine the total dividends and the per-share dividends declared on each class ofstockfor each of the six years. There were no dividendsin arrearsat the beginning of Year 1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".