The stockholders' equity section of Flint Corporation's balance sheet at December 31 is presented here. FLINT CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital $735,000 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 2,795,000 Total paid-in capital 3,530,000 Retained earnings 1,197,000 Total paid-in capital and retained earnings 4,727,000 Less: Treasury stock (7,900 common shares) 42,100 Total stockholders' equity $4,684,900 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? shares Common stock outstanding 551100 (b) Assuming there is a stated value, what is the stated value of the common stock? $ per share The stated value of the common stock (c) What is the par value of the preferred stock? $ The par value of the preferred stock per share 105 (d) If the annual dividend on preferred stock is $58,800, what is the dividend rate on preferred stock? The dividend rate (e) If dividends of $77,100 were in arrears on preferred stock, what would be the balance reported for retained earnings? $ 1119900 The Retained Earnings balance