Required information Use the following information for Quick Studies below. (Static) [The following information applies to the questions displayed below] Green Planet Corporation has 5,000 shares of noncumulative 10% preferred stock with a $2 par value and 17,000 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 Year 2 total cash dividends $ 800 1,700 QS 11-13 (Static) Dividends on noncumulative preferred stock LO C2 Compute the dividends paid each year to each of the two classes of stockholders: preferred and common. Year 11 Year 2 Noncumulative Preferred Common 800