Required information Problem 13-5A 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 $ 70,Bee Preferred stock-5x cumulative, $_ par value, 1,800 shares authorized, issued, and outstanding Common stock-$ par value, 4,800 shares authorized, issued and outstanding Retained earnings Total stockholders' equity lee, 880 32e, Bee $ 490.800 Problem 13-5A Part 1 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