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Green Planet Corporation has 4,300 shares of noncumulative 14% preferred stock with a $2 par value and 17,100 shares of common stock with a $0.01
Green Planet Corporation has 4,300 shares of noncumulative 14% preferred stock with a $2 par value and 17,100 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. Year 1 total cash dividends $ 870 Year 2 total cash dividends 1,710 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative.
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