2 Your answer is incorrect. The stockholders' equity section of Sarasota Corp.'s balance sheet at December 31 is presented here. (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock \$ per share (c) What is the par value of the preferred stock? The par value of the preferred stock \$ per share (d) If the annual dividend on preferred stock is $53,040, what is the dividend rate on preferred stock? The dividend rate (e) If dividends of $72,300 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $ Attempts: 1 of 4 used Using multiple attempts will impact your score. 20% score reduction after attempt 3