Required Information Use the following information for Quick Studies below. (Static) [The following information applies to the questions displayed below] Green Planet Corporation has 5,000 shares of noncumulative 10% preferred stock with a $2 par value and 17,000 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 $800 1,700 QS 11-14 (Static) Dividends on cumulative preferred stock LO C2 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