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Check my work Required information The following information applies to the questions displayed below) Raphael Corporation's balance sheet shows the following stockholders equity section Preferred stock-s* cumulative, por value, 1,000 shares authorized, issued and outstanding Common stock-par valut, 4,000 shares authorized, issued, and outstanding Retained caenings Total stockholders' equity $ 100,000 160.000 370,000 $ 630,000 Required: 1. Determine the par values of the corporation's preferred stock and its common stock Par Value Corporation's preferred stock Corporation's common stock 2. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $17.000, compute the total amount paid to ta preferred shareholders and common shareholders Total amount paid to the preferred shareholders Total amount paid to the common shareholders erences