Raphael Corporation?s common stock is currently selling on a stock exchange at $195 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	$	90,000
Common stock?$___ par value, 4,000 shares authorized, issued, and outstanding		180,000
Retained earnings		380,000
Total stockholders' equity	$	650,000
preferred equity is not 99,000 common is not 560,000

If two years' preferred dividends are in arrears and the preferred stock is callable at $100 per share, what are the book values per share of the preferred stock and the common stock? Stockholders' equity applicable to preferred shares $ 99,000 Number of preferred shares outstanding 1,000 Book value per preferred share 99.00 Book value per common share 140.00 Stockholders' equity applicable to common shares Number of common shares outstanding $ 560,000 I 4,000 M 3