Distributions of a corporation's earnings to stockholders.Dividends on A class of stock with preferential rights over common stock.Preferred and The stock outstanding when a corporation has issued only one class of stock.Common Stock

Love Theatre Inc. owns and operates movie theaters throughout New Mexico and Utah. Love Theatre has declared the following annual dividends over a six-year period: 2011, $30,000; 2012, $90,000; 2013, $135,000; 2014, $173,000; 2015, $210,000; and 2016, $270,000. During the entire period ending December 31 of each year, the The stock in the hands of stockholders.outstanding stock of the company was composed of 25,000 shares of cumulative, 3% preferred stock, $100 The monetary amount printed on a stock certificate.par, and 100,000 shares of common stock, $10 par.

Required:

1. Calculate the total dividends and the per-share dividends declared on each class of Shares of ownership of a corporation.stock for each of the six years. There were no dividends Cumulative preferred stock dividends that have not been paid in prior years are said to be in arrears.in arrears on January 1, 2011. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".

						Preferred Dividends								Common Dividends
Year		Total Dividends				Total				Per Share				Total				Per Share
2011		$ 30,000				$				$				$				$
2012		90,000
2013		135,000
2014		173,000
2015		210,000
2016		270,000
										$								$

2. Calculate the average annual dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal places.

Average annual dividend for preferred	$ per share
Average annual dividend for common	$ per share

3. Assuming a market price per share of $214 for the preferred stock and $14 for the common stock, calculate the average annual percentage return on initial shareholders' investment, based on the average annual dividend per share for preferred stock and for common stock.

Round your answers to two decimal places.

Preferred stock	%
Common stock	%