Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, $par value, 1,000 shares authorized, issued, and outstanding Common stock-s par value, 4,000 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity $ 70,000 160,000 380,000 $610,000 3. If two years' preferred dividends are in arrears at the current date, what is the book value per share of common stock? Choose Numerator: Answer is not complete. Book Value Per Common Share Choose Denominator: Book Value Por Common Share Number of preferred shares outstanding Number of common shares outstanding 7,000 Book value per common share O