Bramble Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock cumulative, 11,700 shares authorized, 7,000 shares issued and outstanding $700,000 Commonstock, no par, 729,000 shares authorized, 559,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,900 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? shares Commonstock outstanding (b) Assuming there is a stated value, what is the stated value of the common stock? Stated value of the commonstock per share (c) What is the par value of the preferred stock? Par value of the preferred stock $ pershare (d) H the annual dividend on preferred stock is $63,000, what is the dividend rate on preferred stock? Dividend rate (e) If dividends of $126,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Balance reported for retained earnings