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Dvidends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie $144,000; Year 3, $228,000; theaters throughout Flndhs and Georgia. Pecan Theatre has
Dvidends on Preferred and Common Stock Pecan Theatre Inc. owns and operates movie $144,000; Year 3, $228,000; theaters throughout Flndhs and Georgia. Pecan Theatre has dedared the folowing annual drndends ove s s yer per: Year 000, Yer2 outstanding stock of the camoury as Year 4, $264,000; Year 5, $336,000; and Year 6, $432,000. During the entire period ending December 31 of each year, the of40,000 shares of annulative, 3% preferred stock, $10 par, and 100,000 shares of common stock, SioAr. Required: 1. Determine the total dividends and the per-share dividends dectared on each class of stock for each of the stx years. There were no drvdends in arears data in tabular form. If required, round your answers to two decimal places.If the amount is zero, please enter o: beginning of tear 1. Summarce the Preferred Dividends Common Dividends Total Dividends Year Total Per Share Total Per Share Year l $ 48,000 )Year 2 Ga,000) 144,000 Year 3 228,000 28,000) Year 4 264,000 1264,000 Year 5 336,000 (336,000) Year 6 432,000 32,000) f tor thsd aur ner to tne dm 2. Dxtermine the averase annual dridend shrt per share Average annual dividend for preferred per share Average annual dividend for common All work saved
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