The stockholders equity section of Ayayai Corp.s balance sheet at December 31 is presented here.

AYAYAI CORP. Balance Sheet (partial)
Stockholders equity
Paid-in capital
Preferred stock, cumulative, 8,500 shares authorized, 5,100 shares issued and outstanding		$ 510,000
Common stock, no par, 720,000 shares authorized, 550,000 shares issued		1,650,000
Total paid-in capital		2,160,000
Retained earnings		1,148,000
Total paid-in capital and retained earnings		3,308,000
Less: Treasury stock (5,000 common shares)		26,600
Total stockholders equity		$3,281,400

From a review of the stockholders equity section, answer the following questions. (a) How many shares of common stock are outstanding?

Common stock outstanding

enter 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 $30,600, what is the dividend rate on preferred stock?

The dividend rate

enter a dividend rate on preferred stock in percentages %

(e) If dividends of $71,000 were 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