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Dividends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following
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, $16,000; 20Y2, $32,000; 20Y3, $72,000; 20Y4, $92,000; 20Y5, $116,000; and 20Y6, $144,000. 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, $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 20Y1. 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". Year Total Dividends Preferred Dividends Total Preferred Dividends Per Share Common Dividends Common Dividends Total Per Share 20Y1 $16,000 16,000 20Y2 32,000 32,000 20Y3 72,000 72,000 20Y4 92,000 20Y5 116,000 20Y6 144,000
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