Cheyenne Corp. Balance Sheet(partial) Stockholders' equity Paid-incapital Preferred stock, cumulative, 10,000 shares authorized, 5,000 shares issued and oututanding $500,000 Common stock, no par, 780.000 shares authorized, 530,000 shares issued Total paid in copital Retained earnings Total paid in cogital and retained earnings Less: Treasury stock (7.000 comenon shares) Totalstockholders' equity. From a revikw of the stockholders' equity section, answer the following questions. (a) How enany shares of commonstock are outstanding? 3,150,0002,650,0001,858,0005,008,00039,200$4,968,800 (b) Assuming there is a stated value, what is the stated value of the common. stock? (c) What is the par value of the preferred stock? 5 shares (d) If the annualdividen on preferred stock is $55,000, what is the dividend rate on preterred thock? (e) If divldends of $110000 were in artears on preferred stock, what would be the balance reported for rutained earnings