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Problem 13-5A Computing book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 55,000 Preferred stock-5% cumulative, $ par value, 1,000 shares authorized, issued, and outstanding Common stock-$_ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 140,000 310,000 $ 505,000 Problem 13-5A Part 1 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 Required information Problem 13-5A Computing book values and dividend allocations LO C2, A4 (The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 55,000 Preferred stock-5% cumulative, $_ par value, 1,000 shares authorized, issued, and outstanding Common stock-$_par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 140,000 310,000 $ 505,000 Problem 13-5A Part 4 4. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $16,900, 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