Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. \begin{tabular}{lrr} Preferred stock-5\% cumulative, $ & par value, 1,000 shares authorized, issued, and outstanding & $55,000 \\ Common stock- $ par value, 4,000 shares authorized, issued, and outstanding & 160,000 \\ Retained earnings & 390,000 \\ \hline Total stockholders' equity & $605,000 \\ \hline \hline \end{tabular} 2. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $18,900, compute the total amount paid to (a) preferred shareholders and (b) common shareholders