Birdman Corp Balance Sheet (partial) Stockholder's equality paid in capital preferred stock, cumulative, 10,000 share authorized, 6,000 shares issued and outstanding $556, 200 Common stock, no par, 735, 776 share authorized, 569,000 share issued 2, 925,000 Total paid in capital 3, 481, 200 Retained earnings 1, 150,000 Total paid-in capital and retained earning 4, 631, 200 Less: Treasury stock (5, 2000 common shares) 36, 267 Total stockholders equality $4, 594, 933 From a review of the stockholders equality section, answer the following question: (a) How many shares of common stock are outstanding ? Common stock outstanding share (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 $48, 960, what is the dividend rate on preferred stock? The dividend rate % (e)If dividend of $ 72, 700 were in arrears on preferred stock, what would be the balance reported for retained earnings? The retained Earnings balance