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The stockholders equity section of Leyland Corporations balance sheet at December 31 is presented here. LEYLAND CORPORATION Balance Sheet (partial) Stockholders equity Paid-in capital Preferred

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

LEYLAND CORPORATION Balance Sheet (partial)
Stockholders equity
Paid-in capital
Preferred stock, cumulative,9,833shares authorized,5,900shares issued and outstanding $619,500
Common stock, no par,734,741shares authorized,568,200shares issued 2,272,800
Total paid-in capital 2,892,300
Retained earnings 1,170,000
Total paid-in capital and retained earnings 4,062,300
Less: Treasury stock (6,390common shares) (34,080 )
Total stockholders equity $4,028,220

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 $49,560, what is the dividend rate on preferred stock?

The dividend rate %

(e) If dividends of $73,000were in arrears on preferred stock, what would be the balance reported for retained earnings?

The Retained Earnings balance

$

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