Required information (The following information applies to the questions displayed below) Raphael Corporation's common stock is currently selling on a stock exchange at $168 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 $ 85,000 Common stock-$ par value, 4,000 shares authorized issued, and outstanding 160,000 Retained earnings 330,000 Total stockholders' equity $575,000 4. If two years' preferred dividends are in arrears, what is the book value share of common stock? Choose Numerator: Stockholders' equity applicable to common shares Book Value Per Common Share 1 Choose Denominator: Number of common shares outstanding 4,000 - Book Value Per Common Share Book value per common share $ 21.25