Problem 11-5A Computation of book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.] Raphael Corporation's common stock is currently selling on a stock exchange at $198 per share, and its current balance sheet shows the following stockholders' equity section Preferred stock-5% cumulative, $--par value, 1,000 shares authorized, issued, and outstanding Common stock-$par value, 4,000 shares authorized, issued, and outstanding Retained earnings 65,000 160,000 360,000 Total stockholders' equity $585,000