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, $20,000; Year 2, $40,000; Year 3, $95,000; Year 4, $110,000; Year 5, $140,000; and Year 6, $175,000. During the entire period ended December 31 of each year, theoutstanding stockof the company was composed of 25,000 shares ofcumulative preferred2% stock, $100par, and 100,000 shares of common stock, $15 par.

Preferred Dividends Common Dividends

Year Total Dividends Total Per Share Total Per Share

Year 1 $20,000 $ $ $ $

Year 2 40,000

Year 3 95,000

Year 4 110,000

Year 5 140,000

Year 6 175,000

$ $