Required information [The folio wing information applies to the ones tr'ons displayed below} Raphael Corporation's common stock is currently selling

Required information

[The following information applies to the questions displayed below.]

Raphael Corporation's common stock is currently selling on a stock exchange at $189 per share, and its current balance sheet shows the following stockholders' equity section:

 Preferred stock—5% cumulative, $___ par value, 1,000 shares

authorized, issued, and outstanding$100,000Common stock—$___ par value, 4,000 shares authorized, issued,

and outstanding 120,000Retained earnings 390,000Total stockholders' equity$610,000