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: 201,$60,000;20Y2,$80,000;20Y3,$160,000;204,$160,000;205,$170,000; and 20Y6, $180,000, During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 400,000 shares of cumulative, preterred 2% stock, $10 par, and 500,000 shares of common stock, $15 par. Required: 1. Determine the total dividends and the per-share cividends declared on each class of stock for each of the six years, There were no dividends in arrears at the beginning of 20%1. 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 ". 2. Determine the average annual dividend per stare for each class of stock for the socyear period. If required, round your answers to two decimal places. 3. Assuming a market price per share of $25.00 for the preferred stock and $22.00 for the common stock, determine the overage annual percentage return on initlal shareholders' investment, based on the average annual oividend per share (a) for preferred stock and (b) for common stock 2 roore Chock My Work user remaining