Ch. 11 Homework i Saved Help Save & Exit Submit Check my work QS 11-14 Dividends on cumulative preferred stock LO C2 12.5 points Green Planet Corp. has (a) 6,900 shares of cumulative 10% preferred stock with a $2 par value and (b) 22,800 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. eBook Year 1 total cash dividends Year 2 total cash dividends $ 610 $ 2,280 Print References Common Cumulative Preferred $ 610 Year 1 Year 2