Raphael Corporations common stock is currently selling on a stock exchange at $172 per share, and its current balance sheet shows the following stockholders equity section: Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 50,000 Common stock$___ par value, 4,000 shares authorized, issued, and outstanding 180,000 Retained earnings 320,000 Total stockholders' equity $ 550,000 5.1 If two years preferred dividends are in arrears and the board of directors declares cash dividends of $11,500, what total amount will be paid to the preferred and to the common shareholders?