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, $16,000; 2012, $32,000; 2013, $76,000; 2014, $92,000; 20YS, $112,000; and 2016, $140,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 2% stock, $100 par, and 100,000 shares of common stock, $25 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". Preferred Dividends Common Dividends Year Total Dividends Total Per Share Total Per Share 2011 $ 16,000 16,000 V 0.8 0 2012 32,000 32,000 1.6 2013 76,000 56,000 x 2.8 2014 92,000 2015 112,000 x I 2016 140,000 x x x x x 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 X per share Average annual dividend for common X per share