pter 13 Problems 1 of 2 ts 02:36:31 eBook Saved 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, $ par value, 1,000 shares authorized, issued, and outstanding Common stock-$ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity $ 50,000 80,000 150,000 $ 280,000 Required: 1. Determine the par values of the corporation's preferred stock and its common stock. Par value Print Corporation's preferred stock Corporation's common stock References pter 13 Problems 1 of 2 ts 02:36:31 eBook Saved 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, $ par value, 1,000 shares authorized, issued, and outstanding Common stock-$ par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity $ 50,000 80,000 150,000 $ 280,000 Required: 1. Determine the par values of the corporation's preferred stock and its common stock. Par value Print Corporation's preferred stock Corporation's common stock References