Paid-in capital Preferred stock, cumulative, 11,800 shares authorized, 7,100 shares issued and outstanding Common stock, no par, 725,000 shares authorized, 555,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,000 common shares) Total stockholders' equity $710,000 1,665,000 2,375,000 1,151,000 3,526,000 37,300 $3,488,700

1. how many shares of common stock are outstanding?

2. assuming there is a stated value, what is the stated value of the common stock?

3. what is the par value of the preferred stock?

4. if dividends of 99,400 were in arrears on preferred stock, what would be the balance reported for retained earnings?

Paid-in capital \begin{tabular}{lr} Preferred stock, cumulative, 11,800 shares authorized, 7,100 shares issued and outstanding & $710,000 \\ Common stock, no par, 725,000 shares authorized, 555,000 shares issued & 1,665,000 \\ Total paid-in capital & 2,375,000 \\ Retained earnings & 1,151,000 \\ Total paid-in capital and retained earnings & 3,526,000 \\ Less: Treasury stock (7,000 common shares) & 37,300 \\ \hline Total stockholders' equity & $3,488,700 \\ \hline \end{tabular}