The stockholders' equity section of Flounder Corpfs balance sheet at December 31 is presented here. FLOUNDER CORP. Balance Sheet (partial) Stockholders' equity Paidin 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 Retained earnings Total paidin capital and retained earnings Less: Treasury stock [6,700 common shares} Total stockholders\" equity 5 582,400 2,945,000 3,527,400 1,155,000 4,682,400 36,000 $4,646,400 la} How many shares of common stock are outstanding? Common stock outstanding I 0 shares lb} Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock $ l 5 per share [cl What is the par value of the preferred stock? The par value of the preferred stock $ l per share ld} If the annual dividend on preferred stock is $52,416, what is the dividend rate on preferred stock? The dividend rate l 96 le} If dividends of $72,600 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $