The stockholders' equity section of Pronghorn Corporation's balance sheet at December 31 is presented here. Pronghorn Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding $600,000 Common stock, no par, 739,000 shares authorized, 569,000 shares issued 2,276,000 Total paid-in capital 2,876,000 Retained earnings 1,164,000 Total paid-in capital and retained earnings 4,040,000 Less: Treasury stock (5,200 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 shares (b) Assuming there is a stated value, what is the stated value of the common stock? Stated value of the common stock per share 28,000 $4,012,000 (c) What is the par value of the preferred stock? Par value of the preferred stock $ per share (d) if the annual dividend on preferred stock is $48,000, what is the dividend rate on preferred stock? Dividend rate (e) If dividends of $96,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Balance reported for retained earnings