The stockholders' equity section of Bramble Corp. at December 31 is as follows. $720,000 Bramble Corp. Balance Sheet (Partial) Paid-in capital Preferred stock, cumulative, 20,000 shares authorized, 12,000 shares issued and outstanding Common stock, no par, 860,000 shares authorized, 530,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (12,000 common shares) Total stockholders' equity 1,060,000 1,780,000 1,858,000 3,638,000 76,800 $3,561,200 From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions. (a) How many shares of common stock are outstanding? shares (b) Assuming there is a stated value, what is the stated value of the common stock? per share A (c) What is the par value of the preferred stock? $ per share (d) If the annual dividend on preferred stock is $79,200, what is the dividend rate on preferred stock? (e) If dividends of $158,400 were in arrears on preferred stock, what would be the balance in Retained Earnings? $