-r 12 Homework .01.ALGO .03.ALGO .05.ALGO .09.ALGO .10.ALGO .11.ALGO .15.ALGO .01A.ALGO DIA Car period: 20Y1, $64,000; 20Y2, $128,000; 20Y3, $304,000; 20Y4, $352,000; 20Y5, $464,000; 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, $20 par. Required: 1. Determine the total dividends and the per-share lividends 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 Total Year Dividends Dividends Preferred Dividends Common Dividends Common Dividends Total Per Share Total Per Share 20Y1 $64,000 64,000 $ 1.6 $ 0 0 20Y2 128,000 128,000 3.2 V 0 0 20Y3 304,000 288,000 7.2 16,000 0.16 20Y4 352,000 160,000 4 192,000 1.92 20Y5 464,000 160,000 4 304,000 3.04 20Y6 576,000 160,000 4 416,000 4.16 24 9.28 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 Average annual dividend for common 4 per share 1.55 per share 3. Assuming a market price per share of $189 for the preferred stock and $25 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. 2.12 % Preferred stock Common stock 6.2 X %Incorrect Feedback Check My Work 1. Is the preferred stock cumulative or non-cumulative? How will the preferred stock being cumulative or non- cumulative affect the distribution of dividends? Determine