- Dividends on Preferred and Common stock Pecan Theatre Inc, owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the foliowing anncal dividends over a ended December 31 of each vear, the outstanding stock of the company was composed of 25,000 shares of cumulative, preterred 4% stock, $100 par, and 100,000 shares of common stock, $25 par. Required: 1. Determine the total dividends and the per-share dividends dedared on each dass of stock for each of the six vears, There were no dividends in arrears at the beginning of 20y1. Summarize the data in tabular form. If required, round your per share answers to two decimal places, If the amount is zero, please enter " 0 ". 2. Determine the average annual dividend per share for each dass of stock for the six-year period. If required, round your answirs to two decimal places. Awrage annual dividend for preferted Average annual dividend for common per shatn per thare 3. Assuming a market price per share of $299 for the preferred stock and $31 for the common stock, deteimine the average annual percentage return on initial shareholders' investment, based on the average annual divitlend per share (a) for preferred stock and (b) for common stock. Found your answers to two decimal places. Preferred stock s Common stock