The stockholders' equity section of Swifty Corporation's balance sheet at December 31 is presented here. Swifty Corporation Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,600 shares authorized, 5,200 shares issued and outstanding $520,000 Common stock, no par, 747,000 shares authorized, 577,000 shares issued 2,308,000 Total paid-in capital 2,828,000 Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders' equity 1,180,000 4,008,000 28,800 $3,979,200 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding shares (b) Assuming there is a stated value, what is the stated value of the common stock? Stated value of the common stock $ (c) What is the par value of the preferred stock? Par value of the preferred stock $ per share per share (d) If the annual dividend on preferred stock is $46,800, what is the dividend rate on preferred stock? Dividend rate % (e) If dividends of $93,600 were in arrears on preferred stock, what would be the balance reported for retained earnings? Balance reported for retained earnings $