1 Determine the par values of the corporations preferred stock and its common stock 2 If two years preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $14,250, compute the total amount paid to ( a ) preferred shareholders and ( b ) common shareholders 3 Determine the par values of the corporations preferred stock and its common stock 4 If two years preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $11,500, compute the total amount paid to ( a ) preferred shareholders and ( b ) common shareholders Required information The following information applies to the questions displayed below Raphael Corporation's balance sheet shows the following stockholders' equity section Preferred stock 5 cumulative, $ par value, 1,000 shares authorized, issued, and outstanding Common stock $ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity $ 55,000 120,000 330,000 $ 505,000

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1  Determine the par values of the corporations preferred stock and its common stock 2  If two years preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $14,250, compute the total amount paid to ( a ) preferred shareholders and ( b ) common shareholders  3  Determine the par values of the corporations preferred stock and its common stock  4  If two years preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $11,500, compute the total amount paid to ( a ) preferred shareholders and ( b ) common shareholders  Required information  The following information applies to the questions displayed below   Raphael Corporation's balance sheet shows the following stockholders' equity section  Preferred stock 5  cumulative, $  par value, 1,000 shares authorized, issued, and outstanding Common stock $   par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity $ 55,000 120,000 330,000 $ 505,000

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1. Determine the par values of the corporations preferred stock and its common stock 2. If two years preferred dividends are in arrears at the

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