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2 Required information The following information applies to the questions displayed below) Green Planet Corp, has 4 200 shares of noncumulative 12% preferred stock with

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2 Required information The following information applies to the questions displayed below) Green Planet Corp, has 4 200 shares of noncumulative 12% preferred stock with a $2 par value and 16,500 shares of common stock with a $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends 10 pois Year 1 total cash dividends Year 2 total cash dividends $ 670 1,650 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Answer is complete but not entirely correct. Common Cumulative Preferred 670 $ 1.000 Year 1 Year 2 $ 0 642 x

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