How much net income did (he company earn during year 2016? Raphael Corporation's common stock is currently selling on a stock exchange at $85 per share, and its current balance sheet shows the following stockholders' equity section: Required (Round per share amounts to cents.) 1. What is the current market value (price) of this corporation's common stock? 2. What are the par values of the corporation's preferred stock and its common stock? 3. If no dividends are in arrears, what are the book values per share of the preferred stock and the common stock? 4. If two years' preferred dividends are in arrears, what arc the book values per share of the preferred stock and the common stock? 5. If two years' preferred dividends are in arrears and the preferred stock is callable at $55 per share, what are the book values per share of the preferred stock and the common stock? 6. If two years' preferred dividends arc in arrears and the board of directors declares cash dividends of $11, 500. what total amount will be paid to the preferred and to the common shareholders? What is the amount of dividends per share for the common stock? Analysis Component 7. What arc some factors that can contribute to a difference between the book value of common stock and its market value (price)