The stockholders' equity section of Marigold Corp.s balance sheet at December 31 is presented here MARIGOLD CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 9,667 shares authorized, 5,800 shares issued and outstanding $585,800 1,782,000 2,367,800 1,161,000 3,528,800 37,867 $3,490,933 Common stock, no par, 768,103 shares authorized, 594,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,100 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding 586900 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 (d) If the annual dividend on preferred stock is $41,006, what is the dividend rate on preferred stock? 101 per share The dividend rate (e) If dividends of $74,400 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance