Required information The following information applies to the questions displayed belowj Raphael Corporation's common stock is currently selling on a stock exchange at $154 per share and its current balance sheet shows the following stockholders' equity section: 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 $ 90,000 180,000 310,000 580,000 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