AW-Ch11 X * Course Hero X ~thinkwell | next ge x thinkwell | next ge x thinkwell | next ge x thinkwell | next ge x thinkwell | next ge x thinkwell | next ge x C coc.instructure.com/courses/19919/assignments/507400?module_item_id=1032471 G + 20205P HW-Ch11 Home Due Sunday by 11:59pm Points 32 Submitting an external tool Available May 15 at 12am - Jun 2 at 11:59pm 19 days eTextbook Account Modules E Grades Dashboard WileyPLUS Support Courses Library Question 19 .-/3 The Learning Center View Policies Calendar ConferZOOM Current Attempt in Progress Purchase Course The stockholders' equity section of Whispering Winds Corp. at December 31 is as follows. Inbox Materials ? Google Drive Whispering Winds Corp. Balance Sheet (Partial) Help NameCoach Paid-in capital Campus Resource Preferred stock, cumulative, 14,000 shares authorized, 8,400 shares issued and outstanding $336,000 Guide Common stock, no par, 890,000 shares authorized, 510,000 shares issued 1,020,000 Total paid-in capital 1,356,000 Retained earnings 1,858,000 Total paid-in capital and retained earnings 3,214,000 Less: Treasury stock (6,000 common shares) 37,200 Total stockholders' equity $3,176,800 From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions. (a) How many shares of common stock are outstanding? shares K (b) Assuming there is a stated value, what is the stated value of the common s per" HW-Ch11 X * Course Hero X thinkwell | next ge x thinkwell | next ge x thinkwell | next ge x thinkwell | next ge x thinkwell | next ge x thinkwell | next ge x C coc.instructure.com/courses/19919/assignments/507400?module_item_id=1032471 G + Purchase Course Materials The stockholders' equity section of Whispering Winds Corp. at December 31 is as follows. Google Drive Whispering Winds Corp. Balance Sheet (Partial) NameCoach Paid-in capital Account Campus Resource Preferred stock, cumulative, 14,000 shares authorized, 8,400 shares issued and outstanding $336,000 Guide Common stock, no par, 890,000 shares authorized, 510,000 shares issued 1,020,000 Dashboard Total paid-in capital 1,356,000 Retained earnings 1,858,000 Total paid-in capital and retained earnings 3,214,000 Courses Less: Treasury stock (6,000 common shares) 37,200 Total stockholders' equity $3,176,800 Calendar From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions. Inbox ? (a) How many shares of common stock are outstanding? shares Help (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? per share (d) If the annual dividend on preferred stock is $33,600, what is the dividend rate on preferred stock? (e) If dividends of $67,200 were in arrears on preferred stock, what would be the balance in Retained Earnings? $ eTextbook and Media Save for Later Attempts: unlimited Submit Answer K