Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-52 cumulative, s__ par value, 1,000 shares authorized, issued, and outstanding common stock-s_ par value, 4,600 shares authorized, 1ssued, and outstanding Retained earnings Total stockholders' equity \begin{tabular}{r} $85,000 \\ 160,000 \\ 320,000 \\ \hline$565,000 \\ \hline \end{tabular} Required: 1. Determine the par values of the corporation's preferred stock and its common stock