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Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5\% cumulative, 5 par value, 1,000 shares authorized, issued, and outstanding Conmon stock-5_ par value, 4,e0e shares authorized, issued, and cutstanding Metained earnings Total stockholders" equity 380,000120,000360,000$560,660 Required: 1. Determine the par values of the corporation's preferred stock and its common stock