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Required information

Problem $13-5$A $($Algo$)$ Computing par values and dividend allocations LO C$2$

$[$The following information applies to the questions displayed below.$]$

Raphael Corporation's balance sheet shows the following stockholders' equity section.

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

Problem $13-5$A $($Algo$)$ Part $2$

$2.$ If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $$24,850,$ compute the total amount paid to $($a$)$ preferred shareholders and $($b$)$ common shareholders.

a$.$ Total amount paid to the preferred shareholders

b$.$ Total amount paid to the common shareholders