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Required information

Problem $13-5$A $($Algo$)$ Computing par values and dividend allocations LO C$2$

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Raphael Corporation's balance sheet shows the following stockholders' equity section.

Preferred stock $-5\%$ cumulative, $dots 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

$\backslash$table$[[$$$85,000$