The stockholders' equity section of Patrick Corporation's balance sheet at December 31 is presented here: From a review of the stockholders' equity section, answer the following questions. What is the par value of the preferred stock? Par value of preferred stock $ pershare eTextbook and Media Attempts: 3 of 5 used (d) Your answer is incorrect. If the annual dividend on preferred stock is $30,000, what is the dividend rate on preferred stock? Dividend rate on preferred stock % eTextbook and Media