Required information Use the following information for Quick Studies below. (Algo) [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 16,300 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 1,630 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. Answer is complete but not entirely correct. Noncumulative Preferred Common Year 1 $ 790 x Year 2 S 1,010 $ 620