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Bramble Corp. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 12,500 shares authorized, 7.500 shares issued and outstanding $787.500 Common stock, no par,
Bramble Corp. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 12,500 shares authorized, 7.500 shares issued and outstanding $787.500 Common stock, no par, 730,603 shares authorized, 565,000 shares issued 2,260,000 Total paid-in capital 3,047.500 Retained earnings 1,158,000 Total paid-in capital and retained earnings 4,205,500 Less: Treasury stock (6,900 common shares) 36,800 Total stockholders' equity $4,168,700 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? 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 $47,250, what is the dividend rate on preferred stock? The dividend rate AS(e) If dividends of $73,800 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $
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