Required information Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below.] Year 1 Year 2 Green Planet Corporation has 4,100 shares of noncumulative 14% preferred stock with a $2 par value and 15,200 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 QS 11-14 (Algo) Dividends on cumulative preferred stock LO C2 $ 880 1,520 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferred stock is cumulative Cumulative Preferred Check my wa Common $ 880 $0 One 100

Required information Use the following information for Quick Studies below. (Algo) [The following information applies to the questions displayed below] Green Planet Corporation has 4,100 shares of noncumulative 14% preferred stock with a $2 par value and 15,200 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 11-14 (Algo) Dividends on cumulatiye preferred stock LO C2 Compute the dividends paid each year to each of the two classes of stockholders assuming that the preferted stock is cumulative