Show Me How ook Calculator 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: 20Y1, $40,000; 20Y2, $80,000; 20Y3, $190,000; 20Y4, $230,000; 20Y5, $290,000; and 20Y6, $360,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 25,000 shares of cumulative, preferred 4% stock, $100 par, and 100,000 shares of common stock, $10 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 answers to two decimal places. If the amount is zero, please enter "O" Preferred Dividends Common Dividends Total Per Share Dividends Total Per Share Total Year $ $ 40,000 40,000 1.6 0 201 80,000 3.2 202 80,000 190,000 X 0 X 203 190,000 0X 20Y4 230,000 290,000 20Y5 O X 20Y6 360,000 $ 4.8 X Check My Work Previous Next ook Show Me How Calculator 80,000 80,000 3.2 202 190,000 X X 203 190,000 X 204 230,000 0 X 20Y5 290,000 X 20Y6 360,000 $ 4.8 X 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 per share $ Average annual dividend for common per share 3. Assuming a market price per share of $235 for the preferred stock and $14 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 Preferred stock % % Common stock