(Solved): Green Planet Corporation has 5,000 shares of noncumulative 10% preferred stock with a $2 par value a ...

Green Planet Corporation has 5,000 shares of noncumulative 10% preferred stock with a $2 par value and 16,700 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 $ 860 Year 2 total cash dividends 1,670 Compute the dividends paid each year to each of the two classes of stockholders: preferred and common.