How do i figure total amount paid to share holder?

Required information [The following information applies to the questions displayed beta w.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock5% cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding $ 85,000 Common stock$_ par value, 4,000 shares authorized, issued, and outstanding 120,000 Retained earnings 390,000 Total stockholders' equity $595,000 4. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $24,300, what total amount will be paid to the preferred and to the common shareholders? 6 Answer is complete but not entirely correct. Total amount paid to the preferred shareholders $ 32,800 0 Toial amount paid to the common shareholders $ 20,500 9