Required information (The following information applies to the questions displayed below.) Raphael Corporation's common stock is currently selling on a stock exchange at $160 per share, and its current balance sheet shows the following stockholders' equity section: $ 55,000 Preferred stock-56 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 200,000 310,000 $ 565,000 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