eBook Dividends on preferred 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 each 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". Total Preferred Dividends Preferred Dividends Common Dividends Common Dividends Year Dividends Total Per Share Total Per Share 20Y1 $60,000 $ 60,000 X $ X X 20Y2 80,000 X 20Y3 160,000 2004 160,000 20Y5 170,000 20Y6 180,000 2. Determine the average annual dividend per share for each class of stock for the six-year period. If required, round your