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The stockholders' equity section of Flint Corporation's balance sheet at December 31 is presented here FLINT CORPORATION Balance Sheet (partial) Stockholders' equity Pald-in capital Preferred

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The stockholders' equity section of Flint Corporation's balance sheet at December 31 is presented here FLINT CORPORATION Balance Sheet (partial) Stockholders' equity Pald-in capital Preferred stock, cumulative, 11,700 shares authorized, 7.000 shares issued and outstanding Common stock, no par. 729,000 shares authorized, 559,000 shares issued Total paid in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7.900 common shares) Total stockholders' equity $ 735,000 2,795,000 3,530,000 1,197,000 4.727,000 42,100 $4,684.900 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? The stated value of the common stock $ per share (c) What is the par value of the preferred stock? The par value of the preferred stock $ per share (d) If the annual dividend on preferred stock is $58,800, what is the dividend rate on preferred stock? The dividend rate % le) If dividends of $77.100 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $

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