What are the par values of the corporation's preferred stock and its common stock?

6.1 If two years preferred dividends are in arrears and the board of directors declares cash dividends of $22,500, what total amount will be paid to the preferred and to the common shareholders?

6.2 What is the amount of dividends per share for the common stock? (Round your answer to two decimal places.)

Raphael Corporation's common stock is currently selling on a stock exchange at $179 per share, and its current balance sheet shows the following stockholders' equity section: Preferred stock-5% cumulative, $ par value, 1,000 shares authorized, issued, and outstanding Retalned earnings Total stockholders' equity $90,000 Common stock-S_par value, 4,000 shares authorized, Issued, and outstanding 100,000 340,000 $ 530,000