Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 75,000 Preferred stock-5% 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 160,000 340,000 575, eee $ 3. If two years' preferred dividends are in arrears at the current date, what is the book value per share of common stock? Book Value Per Common Share Choose Numerator: 1 Choose Denominator: Book Value Per Common Share Book value per common share 1