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Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, $. authorized, issued, and outstanding Common stock-S and outstanding Retained earnings Total stockholders' equity par value, 1, 000 shares $ 60,000 par value, 4,000 shares authorized, issued, 80, 000 380, 000 S 520, 000 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock