Required information [The following information applies to the questions displayed below] 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 Year 2 total cash dividends $650 2,140 Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Noncumulative Preferred Common Year 1 Year 21