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Required information Skip to question [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred

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[The following information applies to the questions displayed below.]

Raphael Corporation's balance sheet shows the following stockholders' equity section.

Preferred stock5% cumulative, $___ par value, 1,000 shares

authorized, issued, and outstanding$80,000Common stock$___ par value, 4,000 shares authorized, issued,

and outstanding180,000Retained earnings350,000Total stockholders' equity$610,000

4.If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $17,000, what total amount will be paid to the preferred and to the common shareholders?

total amount paid to the preferred shareholders ____________

total amount paid to the common shareholders _____________

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