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, $80,000; Year 2, $90,000; Year 3, $150,000; Year 4, $150,000; Year 5, $160,000; and Year 6, $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 lass of stock for each of the six years. There were no dividends arrears at the beginning of Year 1. Summarize the data in tabular form. If required, please enter "o round your answers to two decimal places. If the amount is zero Preferred Dividends Common Dividends Total Total Year Dividends Per Share Per Share Total Year i s 80,000 90,000 Year 2 150,000 Year 3 Year 4 150,000 160,000 Year 5 ear 6 180,000 Determine the average annual dividend per share for each dass of stock for the six-year period. If required, round your answers to two decimal 2. places. Average annual dividend for preferred per share per share Average annual dividend for common 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 Iinvestment, based on the average annual dividend per share (A) for preferred stock and (B) for common stock Round your answers to two decimal places Preferred stock Common stock