The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. Blue Spruce Corp. Balance Sheet(partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 20,000 shares authorized, 12,000 shares issued and outstanding Common stock, no par, 860,000 shares authorized, 560,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,000 common shares) Total stockholders' equity $960,000 2,800,000 3,760,000 1,858,000 5,618,000 38,400 $5,579,600 From a review of the stockholders' equity section, answer the following questions. (a) shares (b) How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? $ per share (c) What is the par value of the preferred stock? $ per share (d) % If the annual dividend on preferred stock is $96,000, what is the dividend rate on preferred stock? If dividends of $192,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? (e) $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit