[1he following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-56 cunulative, \& _ par value, 1,000 shares authorized, issued, and outstanding Common stock- 5 par value, 4,860 shares authorized, issued, and outstanding Total stockholders' equity 2. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $16,800. ompute the total amount paid to (a) preferred shareholders and (b) common shareholders. Required information [The following information applles to the questions displayed below] Raphoel Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5\% cumulative, $ Comon stock- $ - par value, 4,060 shares authorized, shares authorized, issued, and outstanding. Retained earnings Total stockholders' equity 2. 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