The stockholders' equity section of Pharoah Company's balance sheet at December 31 is presented here. Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, no par, 860,000 shares authorized, 560,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (8,000 common shares) Total stockholders' equity From a reew of the stockholders' equity section, answer the following questions. (a) (b) Pharoah Company Balance Sheet(Partial) (c) (d) (e) How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? What is the par value of the preferred stock? If the annual dividend on preferred stock is $54,000, what is the dividend rate on preferred stock? If dividends of $108,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? LA $ VA $600,000 2,800,000 3,400,000 1,858,000 5,258,000 41,600 $5,216,400 % shares per share per share

The stockholders' equity section of Pharoah Company's balance sheet at December 31 is presented here