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Required information [The following information applies to the questions displayed below] Green Planet Corporation has 5,900 shares of noncumulative 10% preferred stock with a

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Required information [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. Year 1 total cash dividends Year 2 total cash dividends $730 1,800 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative. Cumulative Preferred Common Year 1 Year 2

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