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 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? 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 (e) If dividends of $77,100 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $ e Textbook and Media Assistance Used