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Required information Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below] Green Planet Corporation 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. Year 1 total cash dividends Year 2 total cash dividends $6701,650 QS 13-14 (Algo) Dividends on cumulative preferred stock LO C2 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative