Dividends on preferred and common stock 0B.3 PR 13-1A Sunb Theate owns and operates movie theaters throughout Florida Georgia. Sund Theatre Inc. has delared e following annual divi period: 20 20.000; 2012, S36,000; 2013, $70.000; 2014, $90,000; 2015, 201o. s150.000. Durig e ente period ended December of each year, the outst stock (f the company was composed of 100,000 shares of cumulative, preferred 1% S>0 par. ad000 shares of common stock, S20 par and dends over a six $100,000 a In Instructions . Calculate the total dividends and the per-share dividends declared on each cla stock for each of the six years. There were no dividends in arrears on January 1 Summarize the data in tabular form, using the following column headings: Preferred Dividends Total Common Dividends Total Total Dividends Per Share Per Share Year 2011 2012 2013 2014 2015 2016 20,000 36,000 70,000 90,000 102,000 150,000 2. Calculate the average annual dividend per share for each class of stock for the six -year period 3. Assuming a market price per share of $37.50 for the preferred stock and $30.00 for the common stock, calculate the average annual percentage return on initial shareholders investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock PR 13-2A Stock transactions for corporate expansion On December 1 of the current year, the following accounts and their balances appear in the ledger of Latte Corp., a coffee processor: 08). 3 Preferred 2% Stock, $50 par (250,000 shares authorized, 80,000 shares issued).. Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $35 pa 1,000,000 shares authorized, 4,000,000 560,000 400,000 shares issued) Paid-in Capital in Excess of Par-Common Stock m m . m m n n m n m n 14,000,000 1,200,000 180,000,000 At the annual stockholders' meeting on March 31, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately $11,000,000. The plan provided () that a building, valued at $3,375,000, and the land on which it is located, valued at $1,500,000, be acquired in accordance with preliminary negotiations by the issuance of 125,000 shares of common stock, (b) that 40,000 shares of the unissued preferred stock be issued through an underwriter, and (c that the corpora tion borrow $4,000,000. The plan was approved by the stockholders and accomplisheu by the following transactions: May 11. Issued 125,000 shares of common stock in exchange for land and a building according to the plan 20. Issued 40,000 shares of preferred stock, receiving $52 per share in cash 31, Borrowed $4,000,000 from Laurel National, giving a 5% mortgage note Instructions Journalize the entries to record the May transactions