(c) What is the par value of the preferred stock? The par value of the preferred stock $ 103 per share (d) If the annual dividend on preferred stock is $41,097, what is the dividend rate on preferred stock? The dividend rate 7.21 % (e) If dividends of $73,200 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $ 1163700 e Textbook and Media Attempts: 1 of 3 used Save for Later MacBook Air The stockholders' equity section of Grouper Corp.'s balance sheet at December 31 is presented here. line GROUPER CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 9,500 shares authorized, 5,700 shares issued and outstanding Common stock, no par, 749,000 shares authorized, 579,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retaihed earnings Less: Treasury stock (6,800 common shares) Total stockholders' equity $ 587,100 2,895,000 3,482,100 1,200,000 4,682,100 36,300 $4,645,800