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, $36,000; Year 2, $72,000; Year 3, $171,000; Year 4, $207,000; Year 5, $252,000; and Year 6, $324,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative preferred 3% stock, $100 par, and 100,000 shares of common stock, $20 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 Year 1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "o". Preferred Dividends Common Dividends Total Dividends Year Total Per Share Total Per Share Year 1 36,000 36,000 1.2 2.4 5.4 0 Year 3 9,000 0.09 171,000 162,000 Year 4 207,000 90,000 117,000 1.17 1.7 2.34 Year 5 252,000 90.000 Year 6 324,000-90,000] 171,000 C 3) 234,000] 18 0 0 0.09 1.17 1.7 2.34 0 0 9,000 117,000 171,000 234,000 1.2 2.4 5.4 3 3 3 18 36,000 72,000 162,000 90,000 90,000 Year 1 36,000 Year 2 Year 3 Year 4 72,000 171,000 207,000 252,000 Year 5 Year 6324,000 90,000 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 3 per share Average annual dividend for common per share 3. Assuming a market price per share of $273 for the preferred stock and $25 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the average annual dividen and for common stock d per share for preferred stock Round your answers to two decimal places Preferred stock Common stock SprayCo Inc. develops and produces spraying equipment for lawn maintenance and industrial uses. On March 9 of the current year, SprayCo reacquired 9,100 shares of its common stock at $30 per share. On June 9, 5,700 of the reacquired shares were sold at $32 per share, and on November 13, 2,200 of the reacquired shares were sold at s a. Journalize the transactions of March 9, June 9, an d November 13. If an amount box does not require an entry, leave it blank. Mar.9 Treasury stock Cash June 9 Cash Treasury Stock Paid In Capital froms le of Treasury Stock V Nov. 13 Cash Treasury Stock Paid-In Capital from Sale of Treasury stock