Green Planet Corp. has (a) 5,800 shares of noncumulative 11% preferred stock with a $2 par value and (b) 22,000 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 5760 $2,200 Answer is complete but not entirely correct. Noncumulative Preferred Common Year 1 760 0 Year 2 $ 1,792 * $ 408 Green Planet Corp. has (a) 4.000 shares of cumulative 14% preferred stock with a $2 par value and (b) 18,000 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 dividendo Year 2 total cash dividends $ 610 $1,800 Answer is complete but not entirely correct. Cumulative Preferred Common Year 1 $ 610 0 Year 2 $ 1,730 70