The equity section of Linton Corporation at December $31$ is as follows.

LINTON CORPORATION

Statement of Financial Position $($partial$)$

Equity

Share capital$$preference$,$ cumulative, $10,000$ shares authorized,

$5,000$ shares issued and outstanding $250,000$

Share capital$$ordinary$,$ no par, $750,000$ shares authorized,

$150,000$ shares issued $1,500,000$

Retained earnings $2,050,000$

Less: Treasury shares $(5,000$ ordinary shares$)(64,000)$

Total equity $3,736,000$

Instructions

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

$($a$)$ How many ordinary shares are outstanding?

$($b$)$ Assuming there is a stated value, what is the stated value of the ordinary shares?

$($c$)$ What is the par value of the preference shares?

$($d$)$ If the annual dividend on preference shares is $10,000,$ what is the dividend rate on preference shares?

$($e$)$ If dividends of $36,000$ were in arrears on preference shares, what would be the balance in Retained Earnings?