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

The stockholders' equity section of Concord Corporation's balance sheet at December 31 is presented here. Concord Corporation Balance Sheet(Partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,000 shares authorized, 4,800 shares issued and outstanding $384,000 Common stock, no par, 870,000 shares authorized, 580,000 shares issued 2,900,000 Total paid-in capital 3,284,000 Retained earnings 1,858,000 Total paid-in capital and retained earnings 5,142,000 Less: Treasury stock (8,000 common shares) 52,800 Total stockholders' equity $5,089,200 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? 572000 shares (b) Assuming there is a stated value, what is the stated value of the common stock? $ 5 per share (c) What is the par value of the preferred stock? $ 80 per share (d) If the annual dividend on preferred stock is $46,080, what is the dividend rate on preferred stock? % (e) If dividends of $92,160 were in arrears on preferred stock, what would be the balance reported for retained earnings? $