Required information Problem 11-5A Computation of book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.) 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: $ 80,000 Preferred stock-58 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 80,000 370,000 $530,000 Problem 11-5A Part 4 4. If two years' preferred dividends are in arrears, what is the book value per share of common stock? Choose Numerator: Stockholders' equity applicable to common shares Book Value Per Common Share 1 Choose Denominator: Number of common shares outstanding 4,000 Book Value Per Common Share Book value per common share