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Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, $_

image text in transcribed Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5\% cumulative, \$_ par value, 1,000 shares authorized, issued, and outstanding $75,000140,000390,000$605,000 Retained earnings par value, 4,, 00 shares authorized, issued, and outstanding Total stockholders' equity - If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $25,000, ompute the total amount paid to (a) preferred shareholders and (b) common shareholders

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