Dividends on Preferred and Common Stock. Pecan Theatre Inc owns and operates movie theaters throughout Forida and Georgia. Pecan Theatre has declared the following annual dividends over a sixyear period: Year 1,$40,000; Year 2,$80,000; Year 3,$180,000; Year 4,$220,000; Year 5,$290,000; and Year 6,$360,000, During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 25,000 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 pershare 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 piaces. If the amount is zero, please enter "0:. 2. Determine the average annual dividend per share for each ciass 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 3. Assurning a market price per share of $196 for the preferred stock and $19 for the common stock, determine the average annual percentage return on initial sharehotders" investment, based on the average annual dividend per share for preferred stock and for common stocik: Round your answers to two decimal places. Preferred stock Common stock