c C 11 Green Planet Corp. has (a) 4,500 shares of noncumulative 10% preferred stock with…

c C 11 Green Planet Corp. has (a) 4,500 shares of noncumulative 10% preferred stock with a $2 par value and (b) 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. Compute the dividends paid each year to each of the two classes of stockholders: preferred and common Year 1 total cash dividends Year 2 total cash dividende $ 790 $1,630 ook ances Noncumulative Preferred Common $ 790 $ 1,010 $ 620 Year 1 Year 2