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, 12,200 shares authorized 7,300 shares issued and outstanding Common stock, no par. 724,000 shares authorized, 554,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,500 common shares) Total stockholders' equity $759.200 2,770,000 3,529,200 1,177,000 4,706,200 35,000 $4,671,200 W 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 (c) What is the par value of the preferred stock? The par value of the preferred stock $ per share per share The stated value of the common stock $ (c) What is the par value of the preferred stock? per share The par value of the preferred stock $ (d) If the annual dividend on preferred stock is $45,552, what is the dividend rate on preferred stock? % The dividend rate (e) If dividends of $73,500 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $