Problems: Series A OBJ. 3 PR 13-1A Dividen Pecan Thea Georgia. Peca Year 1, $80,000; Year Year 6, $180,000. tre Inc. owns and operates movie theaters throughout Florida and n Theatre has declared the following annual dividends over a six-year period: a 2, $90,000; Year 3, $150,000; Year 4, $150,000: Year 5, $160,000; and 00 During the entire period ended December 31 of each year, the outstand- ds on preferred and common stock 1. Year 3, Preferred vidends, $130,000 Show Me How stock ($20 ofthe company was composed of 250,000 shares of cumulative, preferred 2% stock, $20 par, and 500,000 shares of common stock, $15 par Instructions 1. D Excel etermine the total dividends and the per-share dividends declared on each class of ch of the six years. There were no dividends in arrears at the beginning Summarize the data in tabular form, using the following column headings: stock for ea f Year 1. Common Dividends Preferred Dividends Total Total Dividends $ 80,000 90,000 150,000 150,000 160,000 180,000 Total Per Share Per Share Year Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 2. Determine the average annual dividend per share for each class of stock for the six- year period. Assu the common stock, determine the average annual percentage return on initial holders' investment, based on the average annual dividend per share (a) for preferred ming a market price per share of $25.00 for the preferred stock and $17.50 for share- 3. stock and (b) for common stock