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Instructions From a review of the stockholders' equity section, answer the following questions. (2 points each) (a) How many shares of common stock are outstanding?

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Instructions From a review of the stockholders' equity section, answer the following questions. (2 points each) (a) How many shares of common stock are outstanding? (b) Assuming there is a stated value, what is the stated value of the common stock? (c) What is the par value of the preferred stock? (d) If the annual dividend on preferred stock is $18,000, what is the dividend rate on preferred stock? (e) If dividends of $36,000 were in arrears on preferred stock, what would be the balance Retained Earnings

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