Required information The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section Preferred stock-54 cumulative, $_par value, 1,000 shares authorized, issued, and outstanding Common stock par value, 4,000 shares authorized, innued, and outstanding Retained earnings Total stockholders' equity $ 80,000 140,000 370,000 $ 590,000 2. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $18,600, compute the total amount paid to (al preferred shareholders and (6) common shareholders. Total amount paid to the preferred shareholders Total amount paid to the common shareholders