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, $32,000; 20Y2, $64,000; 20Y3, $144,000; 20Y4, $176,000; 20Y5, $224,000; and 20Y6, $280,000. 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 4% stock, $100 par, and 100,000 shares of common stock, $15 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". Total Year Dividends $32,000 64,000 20Y3 144,000 2014 176,000 20Y1 20Y2 20Y5 224,000 280,000 20Y6 Preferred Dividends Total 32,000 64,000 144,000 80,000 80,000 80,000 Preferred Dividends Per Share 3.2 7.2 1.6 4 4 4 24 Common Dividends Total 0 Common Dividends Per Share 0 0 Onnu 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 per share per share Average annual dividend for common 3. Assuming a market price per share of $267 for the preferred stock and $19 for the common stock, determine the average annual percentage return on initial shareholders'

Dividents on Mreferred and Cerroon seock itock of the company was corrposed of 20,000 shares of cumulative, preferred 4$ stack, $100 par, and 100,000 shares of cammon stock, $15 pse. Required: 20r7. Summante the dota in tabular form. If required, round your per share answers to two decimal places. If the amount is tero, please enter "o". bex share Ampape anmul divinat for commen. pertware 3. Assuming a market price per share of $267 for the preferred stock and $19 for the common stock, determine the average annuat percentage retum on initial shareholden investment, based on the aversoe annual dividend per ahare (a) for prefered unck and (b) for tomithon tfock: Raund your answers to tho decimal places. Preferred stock- common stock. vcran by whe