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 alvidends ontr a sx-year peniod: 20Y1,$16,000;20Y2,$32,000;20Y3,$72,000;20Y4,$88,000;20Y5,$116,000; and 20Y6,$140,000. During the entire period ended December 31 of each yeac the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 2% stock, 5100 par, and 100,000 stares of comren stock, 525 pat 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 civigends in arrain 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 atro, please eneer "o". 2. Determine the average onnual dividend per share for each class of stock for the six year peniod. If retuired, rocha rour answirs to two decima pleces. Average annual dividend for prefenred Average annual dividend for common 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 decinal places, Average annual dividend for preferred Average annual dividend for common per share per share 3. Assuming a market price per share of $143 for the preferred stock and $30 for the common stock, determine 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. Round your answers to two decimal places. Preferred stock Commen stock