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, 160,000; 2012. $80,000; 2013, $160,000; 2014, $360,000; 2013, $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 pac 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 stack 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 rere, please enter "0" Preferred Dividends Year Total Dividends Total 2011 $60,000 2012 00,000 2013 160,000 2014 160,000 2015 170,000 2016 100,000 Common Dividends Per Share Total Per Share 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 3. Assuming a market price per share of $25.00 for the preferred stock and $22.00 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 Check My Work more Check My Working Previous Next All work saved Email Instructor Save and Ext Submit Assignment for Grading