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: Year 1. $50,000; 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 of each year, the outstanding stuck of the company was composed of 250,000 shares of cumulative, preferred 2% stock, $20 pac and 500,000 shares of common stock, $15 par Required: 1. Determine the total dividends and the per-share dividends declared on each dass of stock for each of the six years. There were no dividends in anar at the beginning of Year 1. Summarize the date 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 Year 1 Total Dividends Total Per Share Total Per Share $80,000 Year 2 90,000 Year 3 150,000 Year 4 150,000 Year 5 Year 6 100,000 100,000 2. Determine the average annual dividend per share for each class of cock for the six-year period. If required, round your answers to two decimal places. Average annual dividend for preferred Average annual dividend fur common per share per share 3. Assuming a market price per share of $25.00 for the preferred stock and $17.50 for the common termine the age annual got initial shareholders vement, based on the rage annual dividend per share (a) for preferred stock and (b) tar common stock Round your answers to one decimal place Preferred stock Common stock Vrevious