Required Information [The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 80,000 $ Preferred stock-5X cumulative, $_ par value, 1, eee shares authorized, issued, and outstanding Common stock-$_ par value, 4, eee shares and outstanding Retained earnings Total stockholders' equity 180, eee 360, 80e $ 620, 4. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $24.800 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 sharehol 1. o D