Dividends on Preferred and 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: 201 1, 48,000; 2012, S 44,000; 2013, $216,000; 2014, $264,000; 2015, S336,000; and 2016-$432,000. During the entire period ending December 31 of each vear, the outstanding stock of the company was composed of 40,000 shares of cumulative, 3% preferred stock, $100 par, and 100,000 shares of common stock, $15 par Required 1. Calculate 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 on January 1,. 2011. Sumomarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "O" Preferred Dividends Common Dividends Total Dividends 48,000 144,000 216,000 264,000 36,000 432,000 Year 2011 2012 2013 2014 2015 2016 Total Per Share Total Per Share 2011 2012 2013 2014 2015 2016 48,000 144,000 216,000 264,000 336,000 432,000 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 Average annual dividend for common per share per share 3. Assuming a market price per share of $163 for the preferred stock and $20 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