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Novak Corp. Balance Sheet(partial) Stockholders' equity Paid-in capital Preferred stock, cumulative. 16,000 shares authorized, 9,600 shares issued and outstanding $1,152,000 Common stock, no par, 720,000 shares authorized, 510,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock ( 9,000 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. (a) How many shares of commonstock are outstanding? From a review of the stockholders' equity section, answer the following questions. : (a) How many shares of common stock are outstanding? 6400 shares (b) Assuming there is a stated value, what is the stated value of the common stock? per share (c) What is the par value of the preferred stock? 5 per share (d) If the annual dividend on prederred stock is $103.680, what is the dividend rate on preferred stock? (e) If dividends of $207,360 were in arrears on preferred stock, what would be the balance reported foc retained carnings