Raphael Corporation’s balance sheet shows the following stockholders’ equity section.


Preferred stock—5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 75,000
Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 160,000
Retained earnings 350,000
Total stockholders' equity $ 585,000

If two years’ preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $23,500, compute the total amount paid to (a) preferred shareholders and (b) common shareholders.