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Required information The following information applies to the questions displayed below) Green Planet Corp has 5,800 shares of noncumulative 12% preferred stock with a $2

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Required information The following information applies to the questions displayed below) Green Planet Corp has 5,800 shares of noncumulative 12% preferred stock with a $2 par value and 21,500 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 $ 820 2,150 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative Cumulative Preferred Common 820 s Year Year 2 0

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