The stockholders equity section of Marigold Corp. at December 31 is as follows.

Marigold Corp. Balance Sheet (Partial)
Paid-in capital
Preferred stock, cumulative, 24,000 shares authorized, 14,400 shares issued and outstanding		$864,000
Common stock, no par, 870,000 shares authorized, 530,000 shares issued		1,060,000
Total paid-in capital		1,924,000
Retained earnings		1,858,000
Total paid-in capital and retained earnings		3,782,000
Less: Treasury stock (12,000 common shares)		74,400
Total stockholders equity		$3,707,600

From a review of the stockholders equity section, as chief accountant, write a memo to the president of the company answering the following questions.

(a)		How many shares of common stock are outstanding?			shares
(b)		Assuming there is a stated value, what is the stated value of the common stock?		$	per share
(c)		What is the par value of the preferred stock?		$	per share
(d)		If the annual dividend on preferred stock is $77,760, what is the dividend rate on preferred stock?		%
(e)		If dividends of $155,520 were in arrears on preferred stock, what would be the balance in Retained Earnings?		$