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Green Planet Corp. hos ()5,000 shares of cumulative 10% preferred stock with a $2 par value and (b) 16,700 shares of common stock with a

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Green Planet Corp. hos ()5,000 shares of cumulative 10% preferred stock with a $2 par value and (b) 16,700 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 dividendes Year 2 total con dividends $ 860 $1,670 Common You1 Year 2 Cumulative Preferred 3 880 $ 16,700

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