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Green Planet Corp. has (a) 4,200 shares of cumulative 12% preferred stock with a $2 par value and (b) 16,500 shares of common stock

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Green Planet Corp. has (a) 4,200 shares of cumulative 12% preferred stock with a $2 par value and (b) 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. Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Year 1 total cash dividends Year 2 total cash dividends Year 1 Year 2 Cumulative Preferred Common $ 670 $1,650

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