! Required Information Problem 11-5A Computing book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.] Raphael Corporation's 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 $ 90,000 160,000 350,000 $ 600,000 Problem 11-5A Part 1 1. What are the par values of the corporation's preferred stock and its common stock? Corporation's preferred stock Corporation's common stock Par Value