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Sunbird Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Sunbird Theatre Inc. has declared the following annual dividends over a six-year period:
Sunbird Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Sunbird Theatre Inc. has declared the following annual dividends over a six-year period: 2011, $20,000; 2012, $36,000; 2013, $70,000; 2014, $90,000; 2015, $100,000 and 2016, $150,000. During the entire period ended December 31 of each year, the outstanding stock of the company was com composed of 100,000 shares of cumulative, preferred 1% $30 par, and 400,000 shares of common stock, $20 par. Calculate 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 on January 1, 2011. Summarize the data in tabular form, using the following column headings: Calculate the average annual dividend per share for each class of stock for the six-year period
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