Required information [The following information applies to the questions displayed below. Raphael Corporation's balance sheet shows the following stockholders' equity section. $ 60,000 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 80,000 300,000 $ 440,000 1. 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 2. If no dividends are in arrears at the current date, what is the book value per share of common stock? Choose Numerator: Book Value Per Common Share 1 Choose Denominator: 1 Book Value Per Common Share Book value per common share / 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: Book Value Per Common Share 1 Choose Denominator: 1 Book Value Per Common Share Book value per common share 1 II 4. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $22,400, 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