Required information Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.) Green Planet Corp. has 6,000 shares of noncumulative 11% preferred stock with a $2 par value and 19,800 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 $ 830 1,980 QS 11-13 (Algo) Dividends on noncumulative preferred stock LO C2 Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Common Noncumulative Preferred $ 830 Year 1 Year 2 $ 1,320