Business, 03.08.2021 04:20 badboy502503

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, $80,000; 20Y2, $90,000; 20Y3, $150,000; 20Y4, $150,000; 20Y5, $160,000; and 20Y6, $180,000. During the entire period ended December 31 of each year, the outstanding stock of the company was composed of 250,000 shares of cumulative, preferred 2% stock, $20 par, and 500,000 shares of common stock, $15 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".
Preferred Dividends Common Dividends
Year Total
Dividends
Total
Per Share
Total
Per Share
20Y1 $ 80,000 $ $ $ $
20Y2 90,000
20Y3 150,000
20Y4 150,000
20Y5 160,000
20Y6 180,000
$ $

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Pecan Theatre Inc. owns and operates movie theaters throughout Florida and Georgia. Pecan Theatre ha...

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