Raphael Corporation's balance sheet shows the following stockholders' equity section $ 65, eee Preferred stock-5% cumulative, $__ par value, 1,000 shares authorized, issued, and outstanding Common stock- par value, 4,eee shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 140,000 320,000 $ 525,000 Required: 1. Determine the par values of the corporation's preferred stock and its common stock Par Value Corporation's preferred stock Corporation's common stock Raphael Corporation's balance sheet shows the following stockholders' equity section $ 65,000 Preferred stock-5% cumulative, $__ par value, 1, eee shares authorized, issued, and outstanding Common stock-$ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 140, eee 320,000 $ 525,000 2. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $21,600, compute the total amount paid to (a) preferred shareholders and (b) common shareholders. Total amount paid to the proferred shareholders Total amount paid to the common shareholders