The stockholders' equity section of Metlock, Inc's balance sheet at December 31 is presented here. Metlock, Inc. Balance Sheet(partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,000 shares authorized, 4,800 shares issued and outstanding Common stock, no par, 790,000 shares authorized, 500,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock ( 6,000 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? (b) Assuming there is a stated value, what is the stated value of the common stock? (c) What is the par value of the preferred stock? (d) If the annual dividend on preferred stock is $48,000, what is the dividend rate on preferred stock? (e) If dividends of $96,000 were in arrears on preferred stock, what would be the balance reported for retained earnings