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: 20Y1, $30,000; 2012, $60,000; 2013, $135,000; 20Y4, $165,000; 20Y5, $210,000; and 2016, $263,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative, preferred 3% stock, $100 par, and 100,000 shares of common stock, $5 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 Preferred Dividends Preferred Dividends Common Dividends Common Dividends Year Dividends Total Per Share Total Per Share 20Y1 $30,000 30,000 1.20 $ 0 0 20Y2 60,000 60,000 2.40 0 20Y3 135,000 135,000 5.40 0 0 2014 165,000 75,000 3.00 90,000 Accounting numeric field 20Y5 210,000 75,000 3.00 2016 263,000 75,000 3.00 V 135,000 188,000 1.35 1.41 X 18 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 3 per share per share