Raphael Corporations balance sheet shows the following stockholders equity section. Preferred stock5% cumulative, $___ par value, 1,000 shares authorized, issued, and outstanding $ 70,000 Common stock$___ par value, 4,000 shares authorized, issued, and outstanding 180,000 Retained earnings 370,000 Total stockholders' equity $ 620,000 1. What are the par values of the corporations preferred stock and its common stock? If no dividends are in arrears at the current date, what is the book value per share of common stock? If two years preferred dividends are in arrears at the current date, what is the book value per share of common stock? If two years preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $21,700, what total amount will be paid to the preferred and to the common shareholders?