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: 20Y1, $24,000; 20Y2, $48,000; 20Y3, $108,000; 20Y4, $138,000; 20Y5, $174,000; and 20Y6, $216,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 20,000 shares of cumulative, preferred 3% stock, $100 par, and 100,000 shares of common stock, $20 par.

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".

Year	Total Dividends	Preferred Dividends Total	Preferred Dividends Per Share	Common Dividends Total	Common Dividends Per Share
20Y1	$24,000	$fill in the blank 1	$fill in the blank 2	$fill in the blank 3	$fill in the blank 4
20Y2	48,000	fill in the blank 5	fill in the blank 6	fill in the blank 7	fill in the blank 8
20Y3	108,000	fill in the blank 9	fill in the blank 10	fill in the blank 11	fill in the blank 12
20Y4	138,000	fill in the blank 13	fill in the blank 14	fill in the blank 15	fill in the blank 16
20Y5	174,000	fill in the blank 17	fill in the blank 18	fill in the blank 19	fill in the blank 20
20Y6	216,000	fill in the blank 21	fill in the blank 22	fill in the blank 23	fill in the blank 24
Total			$fill in the blank 25		$fill in the blank 26

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.

Line Item Description	Amount
Average annual dividend for preferred	$fill in the blank 27 per share
Average annual dividend for common	$fill in the blank 28 per share

3. Assuming a market price per share of $185 for the preferred stock and $25 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.

Line Item Description	Percentage
Preferred stock	fill in the blank 29 %
Common stock	fill in the blank 30 %