Required Information (The following information applies to the questions displayed below) Raphael Corporation's balance sheet shows the following stockholders' equity section se. Preferred stock-5% cumulative, S_par value, 1.600 shares authorized, issued, and outstanding Common stock-s_ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 4. two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $14,500. 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 shareholders Required Information {The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section $ 58,888 Preferred stock-5% cumulative, $_ par value, 1,800 shares authorized, issued, and outstanding Common stock-$ par value, 4. eee shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 2ee, eee 35e, Bee $6ee, eae 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock Lansing Company's current year income statement and selected balance sheet data at December 31 of the current and prior years follow. LANSING COMPANY Income Statement For Current Year Ended December 31 Sales revenue $199, 200 Expenses Cost of goods sold 46.ee Depreciation expense 14.ee Salaries expense Rent expense 9.de Insurance expense 4,20 Interest expense Utilities expense Net income LANSING COMPANY Selected Balance Sheet Accounts At December 31 Current Year Accounts receivable $ 5, Inventory 2. Be Accounts payable Salaries payable Utilities payable Prepaid Insurance Prepaid rent Prior Year 56.68 1.70e 5. Gee 352 Required: Prepare the operating activities section of the statement of cash flows using the indirect method for the current year. (Amounts to be deducted should be indicated with a minus sign.) LANSING COMPANY Cash Flows from Operating Activities - Indirect Method For Current Year Ended December 31 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operations