The stockholders' equity section of Concord Corporation's balance sheet at December 31 is prese Stockholders' equity Paid-in capital Concord Corporation Balance Sheet (partial) Preferred stock, cumulative, 9,300 shares authorized, 5,600 shares issued and outstanding Common stock, no par, 759,000 shares authorized, 589,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,700 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. $560,000 2,945,000 3,505,000 1,155,000 4,660,000 36,000 $4,624,000

Concord Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 9,300 shares authorized, 5,600 shares issued and outstanding Common stock, no par, 759,000 shares authorized, 589,000 shares issued Total paid-in capital $560,000 Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,700 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) Assuming there is a stated value, what is the stated value of the common stock? Stated value of the common stock $ pershare (c) What is the par value of the preferred stock? Par value of the preferred stock $ pershare (d) If the annual dividend on preferred stock is $50,400, what is the dividend rate on preferred stock? Dividend rate \% (e) If dividends of $100,800 were in arrears on preferred stock, what would be the balance reported for retained earnings? Balance reported for retained earnings