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Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5q cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding Common stock-$ par

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Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5q cumulative, \$_ par value, 1,000 shares authorized, issued, and outstanding Common stock-\$ par value, 4,000 shares authorized, issued, and outstanding Retained earnings 2. If two years' preferred dlvidends are in arrears at the current date and the board of directors declares cash dividends of $20,850, compute the total amount paid to (a) preferred shareholders and (b) common shareholders

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