Raphael Corporations balance sheet shows the following stockholders equity section. Preferred stock5% cumulative, $55 par value, 1,000 shares authorized, issued, and outstanding $ 55,000 Common stock$25 par value, 4,000 shares authorized, issued, and outstanding 100,000 Retained earnings 320,000 Total stockholders' equity $ 475,000 2. If two years preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $16,200, compute the total amount paid to (a) preferred shareholders and (b) common shareholders.