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   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, $64,000; 20Y2, $128,000; 20Y3, $304,000; 20Y4, $352,000; 20Y5, $448,000; and 20Y6, $576,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 40,000 shares of cumulative, preferred 4% 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 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".

   Preferred Dividends

   Common Dividends

   Year

   Total Dividends

   Total

   Per Share

   Total

   Per Share

   20Y1

   $ 64,000

   $fill in the blank 1

   $fill in the blank 2

   $fill in the blank 3

   $fill in the blank 4

   20Y2

   128,000

   fill in the blank 5

   fill in the blank 6

   fill in the blank 7

   fill in the blank 8

   20Y3

   304,000

   fill in the blank 9

   fill in the blank 10

   fill in the blank 11

   fill in the blank 12

   20Y4

   352,000

   fill in the blank 13

   fill in the blank 14

   fill in the blank 15

   fill in the blank 16

   20Y5

   448,000

   fill in the blank 17

   fill in the blank 18

   fill in the blank 19

   fill in the blank 20

   20Y6

   576,000

   fill in the blank 21

   fill in the blank 22

   fill in the blank 23

   fill in the blank 24

   $fill in the blank 25

   $fill in the blank 26

   2. 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	$fill in the blank 27 per share
   Average annual dividend for common	$fill in the blank 28 per share

   3. Assuming a market price per share of $208 for the preferred stock and $14 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	fill in the blank
   Common stock	fill in the blank