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,$$$48,000$;$20Y2,$$$96,000$;$20Y3,$$$216,000$;$20Y4,$ $$276,000$;$20Y5,$$$348,000$; and $20$Y$6,$ $$420,000.$ During the entire period ended December $31$ of each year, the outstanding stock of the company was composed of $40,000$ shares of cumulative, preferred $3\%$ stock, $$100$ par, and $100,000$ shares of common stock, $$10$ par.

Required:

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 $"0".$

$\backslash$table$[[$Year$,\backslash$table$[[$Total$],[$Dividends$]],\backslash$table$[[$Preferred$],[$Dividends$],[$Total$]],\backslash$table$[[$Preferred$],[$Dividends$],[$Per Share$]],\backslash$table$[[$Common$],[$Dividends$],[$Total$]],\backslash$table$[[$Common$],[$Dividends$],[$Per Share$]]],[20Y1,$$$48,000,$$$,$$$,$$$,$$