Dividends on Preferred and Common Stock Pecan Theatre Inc, owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has dedared the following annual dividends over a six-year period: Year 1, $80,000; Year 2, $90,000; Year 3, $150,000; Year 4, $150,000; Year 5, $160,000; and Year 6, $180,000. During the entire period ended December 31 af each year, the outstanding stock of the company was composed of 250,000 shares of cunulative preferred 2% stack, $20 par, and 500,000 shares ol common stock, $15 par. 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 dvidends in arrears at the beginning of Year 1. Summarize 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 Total Year Year 1 Year 2 Year 2 Year 4 Year 5 Year 6 Per Share Total Per Share $ 80,000 90,000 150,000 150,000 160,000 180,000 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 decimal places. Average annual dividend for preferred Average annual dividend for commorn 3. Assuming a market price per share of $25.00 for the preferred stock and $17.50 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 Common stock per share per share 9%