Question 6

Required information Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.] 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. QS 11-14 (Algo) Dividends on cumulative preferred stock LO C2 Compute the dividends paid each year to each of the two classes of stockholders assuming that the referred stock is cumulative