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: 2011, $60,000; 2012, $80,000; 2013, $160,000; 20Y4, $160,000; 2015, $170,000; and 2016, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 400,000 shares of cumulative, preferred 2% stock, $10 par, and 500,000 shares of 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 dividends in arrears at the beginning of 2011. 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". Total Year Dividends Preferred Dividends Preferred Dividends Common Dividends Total Common Dividends Per Share Total Per Share 2011 $60,000 60,000 0.15 $ 2012 80,000 80,000 0.2 V 2013 160,000 2014 160,000 2015 170,000 2016 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 common per share per share.