Raphael Corporations balance sheet shows the following stockholders equity section.

Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding	$	80,000
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding		180,000
Retained earnings		340,000
Total stockholders' equity	$	600,000

2. If two years preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $21,400, compute the total amount paid to (a) preferred shareholders and (b) common shareholders.