Raphael Corporation's balance sheet shows the following stockholders' equity section Preferred stock-5% cumulative, $ par value, 1,000 shares authorized, issued, and outstanding par value, 4,000 shares authorized, issued, Common stock-$ and outstanding Retained earnings Total stockholders' equity $ 55,000 120,000 350,000 $ 525,000 4. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $21.550. what total amount will be paid to the preferred and to the common shareholders?

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