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Green Planet Corporation has 5 , 4 0 0 shares of noncumulative 1 3 % preferred stock with a $ 2 par value and 2
Green Planet Corporation has shares of noncumulative preferred stock with a $ par value and shares of common stock with a $ par value. During its first two years of operation, Green Planet declared and paid the following total cash dividends.
Year total cash dividends $
Year total cash dividends
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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