Green Planet Corporation has 5,800 shares of noncumulative 11% preferred stock with a $2 par...
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Green Planet Corporation has 5,800 shares of noncumulative 11% preferred stock with a $2 par value and 22,000 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 $ 760 Year 2 total cash dividends 2,200 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative
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