The stockholders' equity section of Swifty Corporation's balance sheet at December 31 is presented here. Stockholders' equity Paid-in capital Swifty Corporation Balance Sheet(partial) Preferred stock, cumulative, 18,000 shares authorized, 12,600 shares issued and outstanding Common stock, no par, 740,000 shares authorized, 540,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (9,000 common shares) Total stockholders' equity From a review of the stockholders' equity section, answer the following questions. $1,512,000 2,700,000 4,212,000 1,858,000 6,070,000 57,600 $6,012,400 (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 $166,320, what is the dividend rate on preferred stock? 96 (e) If dividends of $332,640 were in arrears on preferred stock, what would be the balance reported for retained earnings? 19 $