Pecan theatre owns and operates movie theaters througout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a six year period: year 1, $30,000 ; year 2 $90,000 ; year 3 $135,000 ; year 4 $173,000 ; year 5 $210,000 and year 6 $263,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative, 3% preferred stock, $100 par, and 100,000 shares of common stock, $10 par.

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: Year 1, $30,000; Year 2, $90,000; Year 3, 5135,000; Year 4, 5173,000; Year 5, $210,000; and Year 6, 5263,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative, 3% preferred stock, $100 par, and 100,000 shares of common stock, $10 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 Year 1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Total Year Dividends Total Per Share Total Per Share $ 30,000 Year 1 Year 2 90,000 Year 3 135,000 173,000 Year 4 Year 5 210,000 263,000 Year 6 2. Determine the average annual dividend per share e six-year period. If required, round your answers to two decimal places. 118 Average annual dividend for preferred Average annual dividend for common 553 3. Assuming a market price per share of $200 for the preferred shareholders' investment, based on the average annual dividend for the common stock, determine the average annual percentage return on initial preferred stock and for common stock. Round your answers to two decimal places. ock