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Required information Use the following information for Quick Studies below. ( Algo ) [ The following information applies to the questions displayed below. ] Green

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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 18,000 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.
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.
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