Current Attempt In Progress The stockholders' equity section of Culver Corporation's balance sheet at December 31 is presented here CULVER CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 11.500 shares authorized. 6.900 shares issued and outstanding $690,000 Common stock, no par. 749,000 shares authorized, 579,000 shares issued 1737,000 2,427,000 1.192.000 Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5.700 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? 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 (c) What is the par value of the preferred stock? per share The par value of the preferred stock $ per share (d) If the annual dividend on preferred stock is $48,300, what is the dividend rate on preferred stock? The dividend rate % 3.619,000 30,400 $3,588.600 (e) If dividends of $71.100 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $ Save for Later Attempts: 0 of 1 used Submit