Required information 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 $154 per share, and its current balance sheet shows the following stockholders' equity section: $ 80,000 Preferred stock-58 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 80,000 370,000 $530,000 Problem 11-5A Part 2 2. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock