DividendsonPreferredandCommon 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, $32,000; Year 2, $96,000; Year 3, $152,000; Year 4, $176,000; Year 5, $232,000; and Year 6, $280,000. During the entire period ending December 31 of each year, theoutstanding stockof the company was composed of 20,000 shares of cumulative, 4% preferred stock, $100par, and 100,000 shares of common stock, $20 par.

1.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.

Average annual dividend for preferred$______________per share

Average annual dividend for common$______________per share