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Problem 11-5A (Algo) Computing par values and dividend allocations LO C2 [The following information applies...

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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 5x cunulative, $ par value, 1,000 shares authorized, issued, and outstandins Cosion stock-5__ par value, 4,000 shares authorized. Issued, and outstandins. Retained earninss Total stockholders' equity Problem 11-5A (Algo) Part 2 2. If two years' preferred dividend's are in arrears at the current date and the board of directors declares cash dividends of $20,400. compute the total amount paid to (d) preferred shareholders and (b) common shareholders

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