The stockholders equity section of Sarasota Corp.s balance sheet at December 31 is presented here.

Sarasota Corp. Balance Sheet (partial)
Stockholders equity
Paid-in capital
Preferred stock, cumulative, 10,833 shares authorized, 6,500 shares issued and outstanding		$663,000
Common stock, no par, 729,310 shares authorized, 564,000 shares issued		1,692,000
Total paid-in capital		2,355,000
Retained earnings		1,180,000
Total paid-in capital and retained earnings		3,535,000
Less: Treasury stock (7,800 common shares)		41,600
Total stockholders equity		$3,493,400

From a review of the stockholders equity section, answer the following questions. (a) How many shares of common stock are outstanding?

Common stock outstanding

enter a number of shares shares

(b) Assuming there is a stated value, what is the stated value of the common stock?

The stated value of the common stock

$enter the stated value of the common stock per share in dollars per share

(c) What is the par value of the preferred stock?

The par value of the preferred stock

$enter the par value of the preferred stock per share in dollars per share

(d) If the annual dividend on preferred stock is $53,040, what is the dividend rate on preferred stock?

The dividend rate

enter the dividend rate in percentages %

(e) If dividends of $72,300 were in arrears on preferred stock, what would be the balance reported for retained earnings?

The Retained Earnings balance

$enter The Retained Earnings balance in dollars