Question

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: Year 1, $48,000; Year 2, $144,000; Year 3, $216,000; Year 4, $276,000; Year 5, $336,000; and Year 6, $432,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed of 30,000 shares of cumulative, 4% preferred 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 Year 1. Summarize the data in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0". Preferred Dividends Common Dividends Year Total Dividends Total Per Share Total Per Share Year 1 $ 48,000 Year 2 144,000 Year 3 216,000 Year 4 276,000 Year 5 336,000 Year 6 432,000 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.

          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: Year 1, $48,000; Year 2,
$144,000; Year 3, $216,000; Year 4, $276,000; Year 5, $336,000; and Year 6, $432,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed
of 30,000 shares of cumulative, 4% preferred 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 Year 1. Summarize the data
in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".
Preferred Dividends
Common Dividends
Year
Total
Dividends
Total
Per Share
Total
Per Share
Year 1
$ 48,000
Year 2
144,000
Year 3
216,000
Year 4
276,000
Year 5
336,000
Year 6
432,000
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.

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: Year 1, 48,000; Year 2,144,000; Year 3, 216,000; Year 4,276,000; Year 5, 336,000; and Year 6,432,000. During the entire period ending December 31 of each year, the outstanding stock of the company was composed
of 30,000 shares of cumulative, 4% preferred 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 Year 1. Summarize the data
in tabular form. If required, round your answers to two decimal places. If the amount is zero, please enter "0".
Preferred Dividends
Common Dividends
Year
Total
Dividends
Total
Per Share
Total
Per Share
Year 1
48,000
Year 2
144,000
Year 3
216,000
Year 4
276,000
Year 5
336,000
Year 6
432,000
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.

Added by Bonnie B.

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