Ayayai Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 12,000 shares authorized, 7,200 shares issued and outstanding $720,000 Common stock, no par, 734,000 shares authorized, 564,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,500 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? Common stock outstanding shares: From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding shares (b) Assuming there is a stated value, what is the stated value of the common stock? Stated value of the common stock pershare (c) What is the par value of the preferred stock? Par value of the preferredstock pershare: (d) if the annuat dividend on preferred stock is $43,200, what is the dividend rate on preferred stock? Dividend rate Par value of the preferred stock pershare (d) If the annual dividend on preferred stock is $43.200, what is the dividend rate on preferred stock? Dividend rate (e) If dividends of $86,400 were in arrears on preferred stock, what would be the balance reported for retained earnings? Balance reported for retained earnings $