Green Planet Corporation has $4,300$ shares of noncumulative $13\%$ preferred stock with a $$2$ par value and $18,000$ shares of common stock with a $$0\mathrm{.}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 $ $770$

Year $2$ total cash dividends $1,800$

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

QS $11-14($Algo$)$ Dividends on cumulative preferred stock LO C$2$

Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred

stock is cumulative.