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Green Planet Corporation has 6 , 4 0 0 shares of noncumulative 1 0 % preferred stock with a $ 2 par value and 2

Green Planet Corporation has 6,400 shares of noncumulative 10% preferred stock with a $2 par value and 21,400 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 $ 650
Year 2 total cash dividends 2,140

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