Raphael Corporation's common stock is currently selling on a stock exchange at $85 per share, at its current balance sheet shows the following stockholders' equity section: Preferred stock -5% cumulative, $__ par value, 1,000 shares authorized, issued, and outstanding.................................................................................$50,000 Common Stock- $___ par value, $4,000 shares authorized, issued, and outstanding..... 80,000 Retained Earnings....................................................................................................................150,000 Total stockholders' equity.....................................................................................................$280,000 Required (round per share amounts to the nearest cents) 1. What is the Current market value (price) of this corporation's common stock? 2. What are the par values of the corporation's perferred stock and its common stock? 3. If no dividends are in arrears, what are the book values per share of the perferred stock and the common stock? 4. If two years' perferred dividends are in arrears, what are the book values per share of the perferred stock and the common stock? 5. If two years' preferred dividends are are in arrears and the perferred stock is callable at $55 per share, what are the book values per share of the perferred stocj and the common stocks? 6. If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $11,500, what total amount will be paid to the perferred and to the common shareholders? What is the amount of dividends per share for the common stock? 7. What are some factors that can contribute to a difference between the book value of common stock and its market value (price)