The stockholders' equity section of Sheridan Company's balance sheet at December 31 is presented here. Sheridan Company Balance Sheet(partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 14,000 shares authorized, 7,000 shares issued and outstanding $840,000 Common stock, no par, 830,000 shares authorized, 520,000 shares issued 2,600,000 Total paid-in capital 3,440,000 Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (7,000 common shares) Total stockholders' equity 1,858,000 5,298,000 44,800 $5,253,200 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? shares (b) Assuming there is a stated value, what is the stated value of the common stock? $ per share (c) What is the par value of the preferred stock? per share (d) If the annual dividend on preferred stock is $67,200, what is the dividend rate on preferred stock? % (e) If dividends of $134,400 were in arrears on preferred stock, what would be the $ balance reported for retained earnings