Required information (The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 85,000 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 140,000 300,000 $ 525,000 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: Stockholders' equity applicable to common shares Book Value Per Common Share 1 Choose Denominator: 11 Number of common shares outstanding Book Value Per Common Share Book value per common share