Required intormation Problem 11-5A (Static) Computing par values and dividend allocations LO C2 [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 $50,00080,000150,000$280,000 Common stock-\$ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity roblem 11-5A (Static) Part 2 - If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $11,500 ompute the total amount paid to (a) preferred shareholders and (b) common shareholders