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, $30,000; 2012, $60,000; 2013, $143,000; 2014, $165,000; 20YS, $218,000; and 2016, $270,000. 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 answers to two decimal places. If the amount is zero, please enter "0". Common Dividends Preferred Dividends Per Share Total Per Share 40 Year Total Dividends Total 2011 $ 30,000 2012 60,000 2013 143,000 2014 165,000 2015 218,000 2016 270,000 Check My Work Previous Next