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please help me and make sure the answer is correct. please answer part E , I have the rest already. The stockholders' equity section of

please help me and make sure the answer is correct. please answer part E , I have the rest already. image text in transcribed
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The stockholders' equity section of Sheffield Corp.'s balance sheet at December 31 is presented here. $693,000 Sheffield Corp. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 11,000 shares authorized, 6,600 shares issued and outstanding Common stock, no par. 748,707 shares authorized, 579,000 shares issued Total paid-in capital Retained earnings Total pald-in capital and retained earnings Less: Treasury stock (6,300 common shares) Total stockholders' equity 1,737.000 2,430,000 1.199,000 3,629,000 33,600 $3,595,400 From a review of the stockholders' equity section answer the following questions (a) How many shares of common stock are outstanding? Common stock outstanding 572700 shares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock $ 3 per share (c) What is the par value of the preferred stock? The par value of the preferred stock $ 105 per share (d) If the annual dividend on preferred stock is $41,580, what is the dividend rate on preferred stock? The dividend rate 6 % (e) If dividends of $72,600 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $

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