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Pronghorn Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding $600,000 Common stock, no par,
Pronghorn Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding $600,000 Common stock, no par, 739,000 shares authorized. 569,000 shares issued Total paid-in capital Retained earnings: Total paid-in capital and retained earnings Less: Treasury stock (5,200 common shares) Total stockholders' equity From a review of the stockholders equity section, bnswer the followns quersonsh (a) How mariy shares of corminon atockareoutstandilish (b) Assuming there is a stated value, what is the stated value of the common stock? Stated value of the common stock pershare (c) What is the par value of the preferred stock? Par value of the preferred stock per share (c) What is the par value of the preferred stock? Par value of the preferred stock per share (d) If the annual dividend on preferred stock is $48,000, what is the dividend rate on preferred stock? Dividerid rate % (e) if dividends of $96,000 were in arrears on preferred stock, what would be the balance reported for retained eamings? Balance reported for retained earnings
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