Required information [The following information applies to the guestions disployed below] Raphaci Corporation's balance sheet shows the following stockholders' equity section. Rreferred atock-5t eumalative, 5_par salue, 1, 000 aharen autborized, iassed, and outatanding. Comnon stook-5 par value, 4,000 sharen authoriaed, inaved, and outstanding Retained earninge Fotal stookholders' equity Required: 1. Determine the par values of the corporation's preferred stock and its common stock