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The stockholders equity section of Concord Corporations balance sheet at December 31 is presented here. CONCORD CORPORATION Balance Sheet (partial) Stockholders equity Paid-in capital Preferred

The stockholders equity section of Concord Corporations balance sheet at December 31 is presented here.

CONCORD CORPORATION Balance Sheet (partial)
Stockholders equity
Paid-in capital
Preferred stock, cumulative, 11,300 shares authorized, 6,800 shares issued and outstanding

$ 707,200

Common stock, no par, 739,000 shares authorized, 569,000 shares issued

2,845,000

Total paid-in capital

3,552,200

Retained earnings

1,184,000

Total paid-in capital and retained earnings

4,736,200

Less: Treasury stock (7,000 common shares)

37,000

Total stockholders equity

$4,699,200

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 $49,504, what is the dividend rate on preferred stock?

The dividend rate

enter a dividend rate on preferred stock in percentages %

(e) If dividends of $75,700 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

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