LACHLIN CORPORATION Balance Sheet (partial) Stockholders'equity Paid-in capital Prefcred stock, cumulative, 10,000 shares muthorized, 6,000 shares issued and outstanding $600,000 Common stock, no par. 750,000 shares authorized, 580,000 shares issued Total paid in capital Retained earnings Total paid-in capital and retained earnicks Less: Treasury stock (6.000 common shares) Total stockholders' equity From a review of the stockholders equity section, answer the following questions. (a) How many shares of common stock are outstanding? Commonstock outstanding 574000 shares Common stock outstanding shares (b) Assuming there is astated value, what is the stated value of the common stock? The stated value of the common stock per share (e) What is the par value of the preterred stock? The par value of the preferred stock per share (d) If the arnual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock? The allvidend rate