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, $80,000; 2072. $90,000; 2073, $150,000; 2014, $150,000; 2045, $150,000, and 2075, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares of cumulative, preferred 2% stock, $20 par and 500,000 shares of common stock, $15 par. Required: 1. Determine the total dividends and the per-share dividends declared on each dass of stock for each of the six years. There were no dividends in arrears at the beginning of 2071. 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", Preferred Dividends Total Dividends Common Dividends Year Total Per Share Total Per Share 2011 $30,000 80,000 0.32 2012 90,000 90,000 0.36 2013 150,000 130,000 0.52 2014 150,000 100,000 0.40 2045 160,000 100,000 0.40 2016 180,000 odd 2. Determine the average annual dividend per share for each dass of stock for the six-year period. If required, round your answers to two decima! places. Average annual dividend for preferred per share Average annual dividend for common per share 3. Assuming a market price per share of $25.00 for the preferred stock and $17.50 for the common stock, determine the average annual percentage return on initial shareholders' Investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock Round your answers to one decimal place. Preferred stock % Common stock 9