If the annual dividend on preferred stock is $30,000, what is the dividend rate on preferred stock? Dividend rate on preferred stock % eTextbook and Media Attempts: 4 of 5 used (e) If dividends of $60,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Ealance for Retained Earnings eTextbook and Media Attempts: 0 of 5 used The stockholders equity section of Patrick Corporation's balance sheet at December 31 is presented here: From a review of the stockholders' equity section, answer the following questions