Dividends on Preferred and Common Stock Pecan Theatre Ines and operates movie theaters throughout Flonda and Georgia. Pecan Theatre has declared the following annual dividends over a year penod: Year 1, $37.000; Year 2, 554.000; Year 3, 144,000; Year 4. $154,000; Year S. $224,000, and Year 6, 5280,000. During the entire period ended December 31 of each year, the outstanding stack of the company was composed of 40,000 shares of cumulative preferred 25 stock, $100 pac, and 100,000 shares of common stock, 525 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 is arrears at the beginning of Year I. 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 Year: Per Share $32,000 32,000 0.8 07 0 Year 2 64,000 64,000 0 0 Year 3 144,000 112,000 5.6X 32,000 X 0.32 X Year & 154,000 FH0,000 27 104,000 1.04 V Year 5 224,000 80,000 2 144,000 1.44 Year o 280.000 80,000 27 208,000 x 2.08 X 2. Determin 7. Determine the average an dividend per here for each case stock for the year period. If required, round your answers to two decimal places Average annual dividend for preferred per share Average an dividend for common per share 3. Assuming a market price per share of $159 for the preferred stock and $29 for the common stock, determine the average annual percentage return on it shareholders' investment, based on the trage annual dividend per share for preferred stock and for common stock Round your answers to two decimal places Preferred stock Common stock