The stockholders' equity section of Bridgeport Corporation's balance sheet at December 31 is presented here. Bridgeport Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 11,500 shares authorized, 6,900 shares issued and outstanding $690,000 Common stock, no par, 749,000 shares authorized, 579,000 shares issued 1,737,000 Total paid-in capital 2,427,000 Retained earnings 1,192,000 Total paid-in capital and retained earnings 3,619,000 Less: Treasury stock (5,700 common shares) Total stockholders' equity 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) Assurning there is a stated value, what is the stated value of the common stock? Stated value of the common stock $ (c) What is the par value of the preferred stock? Par value of the preferred stock per share per share 30,400 $3,588,600 Total stockholders' equity 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? Stated value of the common stock $ (c) What is the par value of the preferred stock? Par value of the preferred stock $ per share per share (d) If the annual dividend on preferred stock is $55,200, what is the dividend rate on preferred stock? Dividend rate % 34,450 $3,588,600 (e) If dividends of $110,400 were in arrears on preferred stock, what would be the balance reported for retained earnings? Balance reported for retained eamings