Required information The following information applies to the questions displayed below.] Raphael Corporation's common stock is currently selling on a stock exchange at $197 per share, and its current balance sheet shows the following stockholders' equity section: Preferred stock-5% cumulative, $-par value, 1,eee shares $ 70,e00 authorized, issued, and outstanding Common stock- par value, 4,e00 shares authorized, issued, and outstanding Retained earnings Total stockholders' equity 169,000 370,008 600,000 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