Question 3 of 6 View Policies Current Attempt in Progress The stockholders' equity section of Sheffield Corp.'s balance sheet at December 31 is presented here. 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, 749,000 shares authorized, 579,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,300 common shares) Total stockholders' equity $ 693,000 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 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 shares Common stock outstanding (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 $41,580, what is the dividend rate on preferred stock? % The dividend rate (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