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 Total Dividends Year Per Share Per Share 20Y1 1.20 0 20Y2 2.40 0 20Y3 5.40 0 20Y4 3.00 1.17 20Y5 3.00 1.71 20Y6 3.00 2.25 18.00 5.13 $36,000 72,000 162,000 207,000 261,000 315,000 Total $ 36,000 72,000 162,000 207,000 X 261,000 X 315,000 X Total 0 0 0 117,000 171,000 225,000 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 $ 3 per share Average annual dividend for common 0.86 per share 3. Assuming a market price per share of $143 for the preferred stock and $16 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 2.10 % Common stock 5.38 X % 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 what amount of current dividends the preferred stock should receive per year. Recall the definition of dividends "in arrears". How much in dividends would each share of preferred stock receive each year? How much in dividends would each share of common stock receive each year