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Raphael Corporations balance sheet shows the following stockholders equity section. Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 55,000 Common

Raphael Corporations balance sheet shows the following stockholders equity section.

Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 55,000
Common stock$___ par value, 4,000 shares authorized, issued, and outstanding 140,000
Retained earnings 370,000
Total stockholders' equity $ 565,000

4. If two years preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $21,550, what total amount will be paid to the preferred and to the common shareholders?

The amount paid to preferred shareholders ___________

The amount paid to common shareholders ___________

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