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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: Year $1,$$$80,000$; Year $2,$$$90,000$; Year $3,$$$150,000$; Year $4,$$$150,000$; Year $5,$$$160,000$; and Year $6,$$$180,000.$ During the entire period ended December $31$ of each year, the outstanding stock of the company was composed of $250,000$ shares of cumulative, preferred $2\%$ stock, $$20$ par, and $500,000$ shares of common stock, $$15$ par.

Required:

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 per share answers to two decimal places. If the amount is zero, please enter $"0".$

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 share