7 Part 1 of 2 2 points By Vi Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Green Planet Corporation has 5,600 shares of noncumulative 11% preferred stock with a $2 par value and 19,600 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. Year 1 total cash dividends Year 2 total cash dividends QS 11-13 (Algo) Dividends on noncumulative preferred stock LO C2 Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Year 1 Year 2 X Answer is complete but not entirely correct. Noncumulative Preferred $ 760 1,960 $ $ Common 0 760 $ 1,704 $ 256

Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below] Green Planet Corporation has 5,600 shares of noncumulative 11% preferred stock with a $2 par value and 19,600 shares of common stock with o $0.01 par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends. Year 1 total cash dividends \$. 760 Year 2 total cash dividends 1,960 QS 11-13 (Algo) Dividends on noncumulative preferred stock LO C2 Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Answer is complete but not entirely correct