The stockholders' equity section of Leyland Corporation balance sheet at December 31 is presented here.

Leyland Corporation Balance Sheet (partial)

Stockholders' equity
Paid-in capital
Preferred stock, cumulative, 12,167 shares authorized, 7,300 shares issued and outstanding	$751,900
Common stock, no par, 767,586 shares authorized, 593,600 shares issued	2,968,000
Total paid-in capital	3,719,900
Retained earnings	1,190,600
Total paid-in capital and retained earnings	4,910,500
Less: Treasury stock (5,030 common shares)	(26,827)
Total stockholders' equity	$4,883,673

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 $60,152, what is the dividend rate on preferred stock?

The dividend rate is ____%

(e) If dividends of $75,500 were in arrears on preferred stock, what would be the balance reported for retained earnings?

The Retained Earnings balance $_______