Dividends on Preferred and Common StockPecan 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, $36,000; 20Y2, $72,000; 20Y3, $162,000; 20Y4, $207,000; 20Y5, $261,000; and 20Y6, $324,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative, preferred 3% 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 "0".Year TotalDividendsTotalPer ShareTotalPer Share20Y1 $ 36,000 $fill in the blank 1 $fill in the blank 2 $fill in the blank 3 $fill in the blank 4 20Y2 72,000 fill in the blank 5 fill in the blank 6 fill in the blank 7 fill in the blank 8 20Y3 162,000 fill in the blank 9 fill in the blank 10 fill in the blank 11 fill in the blank 12 20Y4 207,000 fill in the blank 13 fill in the blank 14 fill in the blank 15 fill in the blank 16 20Y5 261,000 fill in the blank 17 fill in the blank 18 fill in the blank 19 fill in the blank 20 20Y6 324,000 fill in the blank 21 fill in the blank 22 fill in the blank 23 fill in the blank 24 $fill in the blank 25 $fill in the blank 26 Average annual dividend for preferredAverage annual dividend for common2. 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. 3. Assuming a market price per share of $155 for the preferred stock and $14 for the common stock, determine the average annual percentage return on initial shareholders’ investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock.Round your answers to two decimal places.Preferred stockCommon stock O Grades for Kirstin Kemp: ACCTG1 X* My Home* CengageNOWv2 | Online teachin xb My Questions | bartlebyx +A https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseKE Apps H Microsoft account ..Blackboard Learn H Log In or Register .S my.csudh.edu CSU.O myCBA+ Adaptive Math | Ad.O New In - Honeybum . Registrationsob MYGBCLAIMHomework: Chapter 12O eBookShow Me HowYearDividendsTotalPer ShareTotalPer Share20Y1$ 36,000$420Y272,00020Υ3162,00020Y4207,00020Y5261,00020Y6324,0002. 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 preferredper shareAverage annual dividend for commonper share3. Assuming a market price per share of $155 for the preferred stock and $14 for the common stock, determine the average annual percentage return on initial shareholders' investment, based onthe 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%Check My WorkPrevious10:15 PMP Type here to search211/25/2021 O Grades for Kirstin Kemp: ACCTG* My Home* CengageNOWv2 | Online teachin xb My Questions | bartleby+A https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseKE Apps H Microsoft account |..H Log In or Register .O my.csudh.edu CSU.O myCBA+ Adaptive Math | Ad.O New In - Honeybum . Registrations MYGBCLAIMBlackboard LearnHomework: Chapter 12O eBookI Show Me HowDividends on Preferred and Common StockPecan 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, $36,000; 20Y2,$72,000; 20Y3, $162,000; 20Y4, $207,000; 20Y5, $261,000; and 20Y6, $324,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of30,000 shares of cumulative, preferred 3% stock, $100 par, and 100,000 shares of common stock, $10 par.Required:1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize thedata in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".Preferred DividendsCommon DividendsTotalYearDividendsTotalPer ShareTotalPer Share20Υ1$ 36,00020Υ272,00020Υ3162,00020Y4207,00020Y5261,00020Y6324,0002. 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.Check My WorkPrevious10:15 PMP Type here to search211/25/2021

Question

Dividends on Preferred and Common StockPecan 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, $36,000; 20Y2, $72,000; 20Y3, $162,000; 20Y4, $207,000; 20Y5, $261,000; and 20Y6, $324,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative, preferred 3% 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 &#34;0&#34;.Year TotalDividendsTotalPer ShareTotalPer Share20Y1 $   36,000   $fill in the blank 1   $fill in the blank 2   $fill in the blank 3   $fill in the blank 4   20Y2 72,000   fill in the blank 5   fill in the blank 6   fill in the blank 7   fill in the blank 8   20Y3 162,000   fill in the blank 9   fill in the blank 10   fill in the blank 11   fill in the blank 12   20Y4 207,000   fill in the blank 13   fill in the blank 14   fill in the blank 15   fill in the blank 16   20Y5 261,000   fill in the blank 17   fill in the blank 18   fill in the blank 19   fill in the blank 20   20Y6 324,000   fill in the blank 21   fill in the blank 22   fill in the blank 23   fill in the blank 24          $fill in the blank 25       $fill in the blank 26   Average annual dividend for preferredAverage annual dividend for common2.  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. 3.  Assuming a market price per share of $155 for the preferred stock and $14 for the common stock, determine the average annual percentage return on initial shareholders’ investment, based on the average annual dividend per share (a) for preferred stock and (b) for common stock.Round your answers to two decimal places.Preferred stockCommon stock O Grades for Kirstin Kemp: ACCTG1 X* My Home* CengageNOWv2 | Online teachin xb My Questions | bartlebyx +A https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseKE Apps H Microsoft account ..Blackboard Learn H Log In or Register .S my.csudh.edu CSU.O myCBA+ Adaptive Math | Ad.O New In - Honeybum . Registrationsob MYGBCLAIM>>Homework: Chapter 12O eBookShow Me HowYearDividendsTotalPer ShareTotalPer Share20Y1$ 36,000$420Y272,00020Υ3162,00020Y4207,00020Y5261,00020Y6324,0002. 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 preferredper shareAverage annual dividend for commonper share3. Assuming a market price per share of $155 for the preferred stock and $14 for the common stock, determine the average annual percentage return on initial shareholders' investment, based onthe 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%Check My WorkPrevious10:15 PMP Type here to search211/25/2021 O Grades for Kirstin Kemp: ACCTG* My Home* CengageNOWv2 | Online teachin xb My Questions | bartleby+A https://v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseKE Apps H Microsoft account |..H Log In or Register .O my.csudh.edu CSU.O myCBA+ Adaptive Math | Ad.O New In - Honeybum . Registrations MYGBCLAIMBlackboard LearnHomework: Chapter 12O eBookI Show Me HowDividends on Preferred and Common StockPecan 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, $36,000; 20Y2,$72,000; 20Y3, $162,000; 20Y4, $207,000; 20Y5, $261,000; and 20Y6, $324,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of30,000 shares of cumulative, preferred 3% stock, $100 par, and 100,000 shares of common stock, $10 par.Required:1. Determine the total dividends and the per-share dividends declared on each class of stock for each of the six years. There were no dividends in arrears at the beginning of 20Y1. Summarize thedata in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter &#34;0&#34;.Preferred DividendsCommon DividendsTotalYearDividendsTotalPer ShareTotalPer Share20Υ1$ 36,00020Υ272,00020Υ3162,00020Y4207,00020Y5261,00020Y6324,0002. 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.Check My WorkPrevious10:15 PMP Type here to search211/25/2021

Accepted Answer

Number of preferred stock = 30,000 shares
Par Value of preferred share = $100
Interest rate = 3%…