Current Attempt in Progress The stockholders' equity section of Lachlin Corporation's balance sheet at December 31 is presented here. Lachlin Corporation Balance Sheet (parlial)] Stockholders equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding $600,000 Commonstock,nopar,750.000sharesauthorized,580.000sharesissuedTotalpaid-incapital2,900.0003.500.000 Reteined earnings Total paid-in capital and retained earnings Less: Theasury stock (6,000 common shares) Total stocknolders' equity From a review of the stockholders equity section, answer the following questions. (a) How many shares of common stock are outstanding? Commonstockoutstanding 574000 shares (b) Assuming there is a stated value, what is the stated value of the common stock? Statedvalue of the commonstock 5 s pershare (c) What is the parvalue of the preferred stocka Parvalue of the preferredstock $ pershare (d) If the annual dividend on preferred stockia \$ \$6.000. what is the dividend rate on prefarred stocke? Dividend rate (e) If dividends of $72,000 were in arrears on preferred stock what would be the balence reported for retaind eamings? Balance reported for reteined earnings is