Dividends on preferted 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 20Y1,$60,000;20Y2,$80,000;20Y3,$160,000;20Y4,$160,000;20Y5,$170,000; and 20Y6,$180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 400,000 shares of cumulative, preferred 2% stock, $10 par, and 500,000 -shares of common stock, $15 par. Required: 1. Determine the total dividends and the per-share dividends declared on each class of stock for esch of the six years, There were no dividends in arrears at the beginning of 20Y1. Summarize the data in tabular form. If required, round your per share 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 shx-year period. If required, round your answers to two decimal places. Average annual dividend for preferred Average annual dividend for common 3 per share 3. Assuming a market price per share of $25.00 for the preferred stock and $22.00 for the common stock, determine the averoge annusi percintage return on in bal shareholderi' investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock