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ter 13 Assignment ecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre has declared the following annual dividends over a
ter 13 Assignment ecan 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, $20,000; Year 2, 60,000; Year 3, $95,000; Year 4, $115,000, Year 5, $140,000; and Year 6, $180,000. During the entire period ending December 31 of each year, the outstanding stock of the company was compos of 25,000 shares of cumulative, 2% preferred stock, $100 par, and 100,000 shares of common stock, $15 par. Required: Year 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 Year 1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Total Dividends $ 20,000 60,000 95,000 115,000 140,000 180,000 eBook Total 20,000 60,000 0000 Per Share 2.9 X Show Me How per share per share Total 0 0 1177 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 Per Share
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