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Required information Skip to question [The following information applies to the questions displayed below.] Green Planet Corporation has 4,300 shares of noncumulative 13% preferred stock
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[The following information applies to the questions displayed below.] Green Planet Corporation has 4,300 shares of noncumulative 13% 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 | $ 770 |
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Year 2 total cash dividends | 1,800 |
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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