CA Exercise 8-15 The stockholders' equity section of Novak Corp.'s balance sheet at December 31 is presented here. NOVAK CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,167 shares authorized, 6,100 shares issued and outstanding Common stock, no par, 755,172 shares authorized, 584,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,700 common shares) Total stockholders' equity $616,100 2,336,000 2,952,100 1,168,000 4,120,100 30,400 $4,089,700 From a review of the stockholders' equity section, answer the following questions. Help System Announcements CALCULATO 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? h The par value of the preferred stock per share (d) If the annual dividend on preferred stock is $36,966, what is the dividend rate on preferred stock? The dividend rate % (e) If dividends of $73,900 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $ Click if you would like to Show Work for this question: Open Show Work