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Green Planet Corporation has 5,900 shares of noncumulative 10% preferred stock with a $2 par value and 18,000 shares of common stock with a $0.01
Green Planet Corporation has 5,900 shares of noncumulative 10% preferred stock with a $2 par value and 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.
Year 1 total cash dividends $ 730
Year 2 total cash dividends 1,800
Compute the dividends paid each year to each of the two classes of stockholders: preferred and common.
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