Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative.

[The following information applies to the questions displayed below.] Green Planet Corporation has 5,800 shares of noncumulative 12% preferred stock with a $2 par value and 22,900 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. Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative