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The stockholders' equity section of Swifty Corporation's balance sheet at December 31 is presented here. From a review of the stockholders' equity section, answer the

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The stockholders' equity section of Swifty Corporation's balance sheet at December 31 is presented here. From a review of the stockholders' equity section, answer the following questions. From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding 556500 shares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock $ 3 per share (c) What is the par value of the preferred stock? The par value of the preferred stock $ 105 per share (d) If the annual dividend on preferred stock is $45, 360, what is the dividend rate on preferred stock? The dividend rate % (e) If dividends of $77, 600 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $

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