Stockholders' equityPaid-in capitalPreferred stock, cumulative,10,000shares authorized,6,000shares issued and outstanding$600,000

Common stock, no par,750,000shares authorized,580,000shares issued2,900,000

Total paid-in capital3,500,000

Retained earnings1,158,000

Total paid-in capital and retained earnings4,658,000

Less: Treasury stock (6,000common shares)32,000

Total stockholders' equity$4,626,000

From a review of the stockholders' equity section, answer the following questions.

(a) How many shares of common stock are outstanding?

Common stock outstandingenter a number of shares

shares

(b) Assuming there is a stated value, what is the stated value of the common stock?

The stated value of the common stock$enter a common stock value per share in dollars

per share

(c) What is the par value of the preferred stock?

The par value of the preferred stock$enter a preferred stock par value per share in dollars

per share

(d) If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?

The dividend rateenter a dividend rate on preferred stock in percentages

%

(e) If dividends of $72,000were in arrears on preferred stock, what would be the balance reported for retained earnings?

The Retained Earnings balance$enter a Retained Earnings balance in dollars