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 Year 1,$16,000; Year 2,$48,000; Year 3,$76,000; Year 4,$92,000; Year 5, $116,000; and Year 6,$144,000. During the entire period ending December 31 of each year, the autstanding stock of the company was composed of 20,000 shares of cumulative, 2% preferred stock, $100 par, and 100,000 shares of common stock, $10 Requiredt 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 Year If Summanze the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "O". 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 Average annual dividend for common per share per share 2. Deteimine the average annial dvidend per shace for tach elass of stock for the six-year period. If recuired, round your answers to two decimal places. Average annual dividend for preferred ger share Average annual diviend for common per share 3. Assuming a market price per share of 199 for the preferred stock and 116 for the common stock, determine the average annual percentage return on initial sharehelden" imestment, buled on the average anhual dividend per share for preferred stock and for cbimmon stock. Nound your answers to twe decimal places. Preferted stsck Cemtmen stock