Dividends on Preferred and Common StockPecan Theatre Inc. owns and operates movie theaters throughout

Florida and Georgia. Pecan Theatre has declared the following

annual dividends over a six$-$year period: $20$Y$1,$ $$20,000$; $20$Y$2,$

$$40,000$; $20$Y$3,$ $$90,000$; $20$Y$4,$ $$115,000$; $20$Y$5,$ $$145,000$; and $20$Y$6,$

$$180,000.$ 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 $2\%$ stock, $$100$ par, and $100,000$ shares of

common stock, $$5$ 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

$20$Y$1.$ Summarize the data in tabular form. If required, round your

answers to two decimal places. If the amount is zero, please enter

$"0".2.$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.$3.$Assuming a market price per share of

$$145$ for the preferred stock and $$9$ 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 two decimal places.