The stockholders equity section of Flounder Corp.s balance sheet at December 31 is presented here.

FLOUNDER CORP. Balance Sheet (partial) Stockholders equity Paid-in capital Preferred stock, cumulative, 9,333 shares authorized, 5,600 shares issued and outstanding $ 582,400 Common stock, no par, 761,638 shares authorized, 589,000 shares issued 2,945,000 Total paid-in capital 3,527,400 Retained earnings 1,155,000 Total paid-in capital and retained earnings 4,682,400 Less: Treasury stock (6,700 common shares) 35,733 Total stockholders equity $4,646,667

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 $52,416, what is the dividend rate on preferred stock?

The dividend rate %

(e) If dividends of $72,600 were in arrears on preferred stock, what would be the balance reported for retained earnings?

The Retained Earnings balance $