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Required information [The following information applies to the questions displayed below) Raphael Corporation's common stock is currently selling on a stock exchange at $151 per

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Required information [The following information applies to the questions displayed below) Raphael Corporation's common stock is currently selling on a stock exchange at $151 per share, and its current balance sheet shows the following stockholders' equity section: $ 80,000 Preferred stock-56 cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding Common stock-$ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 80,000 350,000 $ 510,000 5.1 If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $18,000, what total amount will be paid to the preferred and to the common shareholders? 12.000 Total amount paid to the preferred shareholders Total amount paid to the common shareholders $ 6,000 5.2 What is the amount of dividends per share for the common stock? (Round your answer to two decimal places.) Dividend per share

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