if dividends of 332,640 were in arrears on preferred stock, what would be the balance reported for retained earnings?

\begin{tabular}{lc} Preferred stock, cumulative, 18,000 shares authorized, 12,600 shares issued and outstanding & $1,512,000 \\ Common stock, no par, 740,000 shares authorized, 540,000 shares issued & 2,700,000 \\ Total paid-in capital & 4,212,000 \\ Retained earnings & 1,858,000 \\ \hline Total paid-in capital and retained earnings & 6,070,000 \\ Less: Treasury stock ( 9,000 common shares) & $57,600 \end{tabular} From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding