st #3 10 7 points Seved Required information Problem 11-5A (Algo) 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, spar value, 1,000 shares authorized, issued, and outstanding Book Common stock-spar value, 4,000 shares authorized, issued, and outstanding Retained earnings $70,000 120,000 360,000 $550,000 Total stockholders' equity Problem 11-5A (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 $23.700. compute the total amount paid to (a) preferred shareholders and (b) common shareholders Total amount paid to the preferred shareholders Total amount paid to the common shareholders Help Save & Exit Submit