Dividendo 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 Year 1, $16,000; Year 2, $32,000; Year 3, $114,000; Year 4 $128,000 Year 5, $142,000; and Year 6, $156,000, During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative preferred 29 stock, 5100 per, and 100,000 shares of common stock, $20 par, Required: 1. 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 Year 1. Summarize the data in tabular form, Note: It required, round your answers to two decimal places. If the amount is zero, enter "O", Preferred Dividends Common Dividends Year Total Dividends $ 16,000 Total Per Share Total Per Share Year 1 Year 2 32.000 Year 114,000 Year 4 120,000 Years 142,000 156,000 Year 6 2. Determine 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 Dershane Check My Work more Check My Workers Next Year Dividends Total Per Share Total Total Per Share Year 1 $ 16,000 Year 2 32,000 Year 3 114,000 Year 128,000 Year 5 142,000 5 Year 156,000 2. Determine the average annunt dividend per share for each class of stock for the six-year period. If required, round your answers to two decimal plaons Average annual dividend for preferred per share Average annual dividend for common per share 3. Assuming a market price per share of 5130 for the preferred stock and $14 for the common stock, determine the average annual percentage return on initial shareholders investment, based on the average annual dividend per share for preferred stock and for common stock Use the rounded amounts from port 2 in future computations. And round your Binal onswers to two decimal places. Preferred stock Common stock