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The stockholders equity section of Wildhorse Corporation s balance sheet at December 3 1 is presented here. From a review of the stockholders equity section,

The stockholders equity section of Wildhorse Corporations balance sheet at December 31 is presented here. From a review of the stockholders equity section, answer the following questions. How many shares of common stock are outstanding? Wouldnt the stated value be net of the treasury stock? What is the par value of the preferred stock? If the annual dividend on preferred stock is $45,360, what is the dividend rate on preferred stock? If dividends of $77,600 were in arrears on preferred stock, what would be the balance reported for retained earnings?

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