The stockholders' equity section of Sheffield Corp. balance sheet at December 31 is presented here: SHEFFIELD CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 14,000 shares authorized, 5,000 shares issued and outstanding $500,000 Common stock, no par, 790,000 shares authorized, 660,000 shares issued 6,600,000 Total paid-in capital 7,100,000 Retained earnings 1,470,000 Total paid-in capital and retained earnings 8,570,000 Less: Treasury stock (9.000 common shares) 39.000 Total stockholders' equity $8,531,000 From a review of the stockholders' equity section, answer the following questions. How many shares of common stock are outstanding? Outstanding shares shares Assuming there is a stated value, what is the stated value of the common stock? Stated value of common stock $ What is the par value of the preferred stock? Par value of preferred stock $ per share per share If the annual dividend on preferred stock is $34,000, what is the dividend rate on preferred stock? (Round answer to 2 decimal places, eg 52.753 Dividend rate on preferred stock