Required information [The following information applles to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-58 cumulative, s par value, 1,000 shares authorized, Issued, and outstanding Comon stock-1 par value, 4,000 shares authorized, issued, and outstandine Retained varnings Total stockholders' equity $50,00080,000150,000$250,000 Required: 1. Determine the par values of the corporation's preferred stock and its common stock