Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Required: 1. Determine the par values of the corporation's preferred stock and its common stock. Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferredstock-5%cumulative,$parvalue,1,000sharesauthorized,issued,andoutstandingCommonstock-$parvalue,4,000sharesauthorized,issued,andoutstandingRetainedearningsTotalstockholdersequity$65,000140,000360,000$565,000 - If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $21,650, ompute the total amount paid to (a) preferred shareholders and (b) common shareholders