QS 13-13 Dividends on noncumulative preferred stock LO C2 Green Planet Corp. has (a) 4,100 shares of noncumulative 14% preferred stock with a $2 par value and (b) 17,900 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. Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Year 1 total cash dividends Year 2 total cash dividends $ 620 $ 1,790 Answer is complete but not entirely correct. Year 1 Year 2 Noncumulative Preferred $ 620 1,148 Common $ 0 $ 126 X