Dividends 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, $32,000; Year 2, 64,000; Year 3. $152,000; Year 4$176,000, Year 5 $224,000; and Year 6 $288,000. D ing the entire period ended December 31 of each year, the outstand g stock of the company was composed of 20,000 shares of cumulative preferred 4% stock, $100 par, and 100,000 shares of common stock, $25 par