The stockholders' equity section of Sarasota Corporation's balance sheet at December 31 is presented here. Stockholders' equity Paid-in capital Preferred stock, cumulative, 9,700 shares auth Common stock, no par, 764,000 shares authori Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,100 common shares) Total stockholders' equity tive, 9,700 shares authorized, 5,800 shares issued 764,000 shares authorized, 594,000 shares issued tained earnings 0 common shares) alance Sheet (partial) authorized, 5,800 shares issued and outstanding thorized, 594,000 shares issued i) \begin{tabular}{|l} ationartial) \\ \begin{tabular}{lr} & \\ & \\ J0 shares issued and outstanding & $580,000 \\ Jo shares issued & 1,782,000 \\ \hline & 2,362,000 \\ 1,161,000 \\ \hline 3,523,000 \\ 38,000 \\ \hline$3,485,000 \\ \hline \hline \end{tabular} \\ \hline \end{tabular} (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? Par value of the preferred stock $ (d) If the annual dividend on preferred stock is $40,600, what is the dividend rate on preferred stock? Dividend rate % (d) If the annual dividend on preferred stock is $40,600, what is the dividend rate on preferred stock? Dividend rate (e) If dividends of $81,200 were in arrears on preferred stock, what would be the balance reported for retained earnings