If two years’ preferred dividends are in arrears and the preferred stock is callable at $65 per share, what are the book values per share of the preferred stock and the common stock?

Raphael Corporation’s common stock is currently selling on a stock exchange at $165 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 $ 55,000

Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 80,000

Retained earnings 310,000

Total stockholders' equity $ 445,000 Raphael Corporation’s common stock is currently selling on a stock exchange at $165 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 $ 55,000 Common stock—$___ par value, 4,000 shares authorized, issued, and outstanding 80,000 Retained earnings 310,000 Total stockholders' equity $ 445,000.