FLOUNDER CORP. Balance 5heet (partia)) Stockholders'equity Paid-in capital Preferred stock, cumulative, 9,300 shares authorized, 5,600 shares isuod and outstandine: Common stock, no par, 759,000 shares autherized, 589,000 shares issaed Total paidein capital Retalned earnings Total paidein capital and retained earnings Less: Treasury stock ( 6,700 common shares) Total stochholders' equity Total stockholders' equity From a review of the stockholders' equity section, answer the following questions- (a) How many shares of common stock are outstanding? shares Common stock outstanding (b) Assuming there is a stated value, what is the stated value of the common stock? perstare The stated value of the cornmon stock (c) What is the par value of the preferred stock? The par value of the preferred stock pershare (d) If the annual dividend on preferred stock is $52.416, what is the dividend rate on pret red stock? The dividend rate (c) If dividends of $72,600 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance