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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 2041, $48,000; 2012. 596,000, 2013, $216,000, 2004, $276,000; 2015, $336,000; and 2076, $432,000. 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 3% stock, $100 par, and 100,000 shares of common stock, 515 par. Required: 1. Determine the total dividends and the pershare dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 2041 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 Dividende Total Dividends Total Per Share Total Per Share Year 2011 348,000 96,000 2012 2013 216,000 2014 276.000 2015 335,000 432,000 2016 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 per share 3. Assuming a market price per share of $208 for the preferred stock and $19 for the common stock, determine the average annual percentage return on initial shareholders' investment, based on the avera annual dividend per share (a) for preferred stock and (b) for common stock. Round your answers to two decimal places. Preferred stock Common stock

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