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Required information [The following information applies to the questions displayed below.] Green Planet Corp. has (a) 4,200 shares of noncumulative 12% preferred tock with a

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Required information [The following information applies to the questions displayed below.] Green Planet Corp. has (a) 4,200 shares of noncumulative 12% preferred tock with a $2 par value and (b) 16,500 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 $ 670 Year total cash dividends 1,650 Year 2 total cash dividends Compute the dividends paid each yearto each of the two classes of stockholders: preferred and common. X Answer is not complete. Noncumulative Preferred Common Year 1 670 Year 2 Compute the dividends paid each yearto 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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