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The stockholders' equity section of Riverbed Corp's balance sheet at December 31 is presented here. Study RIVERBED CORP Balance Sheet (partial) Stockholders' equity Paid-in capital

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The stockholders' equity section of Riverbed Corp's balance sheet at December 31 is presented here. Study RIVERBED CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,667 shares authorized, 6,400 shares issued and outstanding $ 640,000 Common stock, no par, 775,862 shares authorized, 600,000 shares issued 2,400,000 Total paid-in capital 3,040,000 Retained earnings 1,191,000 Total paid in capital and retained earnings 4,231,000 Less: Treasury stock (5,800 common shares) 30,933 Total stockholders' equity $4,200,067 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? The stated value of the common stocks per share (c) What is the par value of the preferred stock? The par value of the preferred stock per share The par value of the preferred stocks per share (d) If the annual dividend on preferred stock is $57,600, what is the dividend rate on preferred stock? The dividend rate (e) If dividends of $74,800 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance

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