Saved Help Save & work CH Raphael Corporation's balance sheet shows the following stockholders' equity section $ 85,000 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 120,000 350,000 $ 555,000 4. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $21,850, 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 NI