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Question 3 of 4 -/5 Current Attempt in Progress The stockholders' equity section of Blue Spruce Corp's balance sheet at December 31 is presented here.

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Question 3 of 4 -/5 Current Attempt in Progress The stockholders' equity section of Blue Spruce Corp's balance sheet at December 31 is presented here. BLUE SPRUCE CORP Balance Sheet (partial) Stockholders' equity $530,400 2,308,000 Paid-in capital Preferred stock cumulative, 8,600 shares authorized, 5,200 shares issued and outstanding Common stock, no par, 747,000 shares authorized, 577,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders'equity 2,838.400 1,180,000 4018,400 28,800 $3,989,600 From a review of the stockholders' equity section, answer the following questions (a) How many shares of common stock are outstanding? Common stock outstanding shares Question 3 of 4 -/ (a) How many shares of common stock are outstanding? Common stock outstanding shares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock per share (c) What is the par value of the preferred stock? The par value of the preferred stock $ per share (d) If the annual dividend on preferred stock is $47.736, what is the dividend rate on preferred stock? The dividend rate 96 (e) If dividends of $75,900 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $

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