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

Required information

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[The following information applies to the questions displayed below.] 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 350,000
Total 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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