Required information [The following information applies to the questions displayed below.) Raphael Corporation's common stock is currently selling on a stock exchange at $151 per share, and its current balance sheet shows the following stockholders' equity section: $ 80,000 Preferred stock-56 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 80,000 350.000 $ 510,000 Required: 1. What is the current market value (price) of this corporation's common stock? Market price per share 2. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock 5.1 If two years' preferred dividends are in arrears and the board of directors declares cash dividends of $18,000, what total amount will be paid to the preferred and to the common shareholders? Total amount paid to the preferred shareholders Total amount paid to the common shareholders