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: $20$Y$1,$ $$16,000$; $20$Y$2,$ $$32,000$; $20$Y$3,$ $$76,000$; $20$Y$4,$ $$92,000$; $20$Y$5,$ $$112,000$; and $20$Y$6,$ $$140,000.$ During the entire period ended December $31$ of each year, the outstanding stock of the company was composed of $20,000$ shares of cumulative, preferred $2\%$ stock, $$100$ par, and $100,000$ shares of common stock, $$25$ par.a$.)$ 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 $20$Y$1.$ Summarize the data in tabular form. If required, round your per share answers to two decimal places. If the amount is zero, enter $"0".$Year $$ Total Dividends $$Preferred Dividends $$ Preferred Dividends $$ Common Dividends $$ Common Dividends$$ Total $$Per Share $$Total $$Per Share$20$Y$1$ $ $16,00020$Y$2$$ $32,00020$Y$3$$ $76,00020$Y$4$$ $92,00020$Y$5$$ $112,00020$Y$6$$ $140,000$b$.)$ 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 ShareAverage annual dividend for common $$$ $$Per Sharec.$)$ Assuming a market price per share of $$115$ for the preferred stock and $$31$ for the common stock, determine the average annual percentage return on initial shareholders$$ investment, based on the average annual dividend per share $($a$)$ for preferred stock and $($b$)$ for common stock.Round your answers to two decimal places.Preferred Stock $\%$Common Stock $\%$