Question 3 of 6 3.2/4 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. The stockholders' equity section of Indigo Corporation's balance sheet at December 31 is presented here. INDIGO CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital 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 Total stockholders' equity $3,488,700 From a review of the stockholders' equity section, answer the following questions (a) How many shares of common stock are outstanding? Question 3 of 6 3.2/4 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding 548000 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 $ 100 per share (d) If the annual dividend on preferred stock is $49.700, what is the dividend rate on preferred stock? The dividend rate 7.00 % (e) If dividends of $71,400 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $