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The stockholders' equity section of Wildhorse Co.'s balance sheet at December 31 is presented here. Question 11 of 12 Balance Sheet(partial) Stockholders' equity Paid-in capital

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The stockholders' equity section of Wildhorse Co.'s balance sheet at December 31 is presented here. Question 11 of 12 Balance Sheet(partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 12,000 shares authorized, 6,000 shares issued and outstanding $600,000 Common stock, no par, 820,000 shares authorized, 570,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings 3,450,0002,850,000 Less: Treasury stock (11.000 common shares) Total stockholders' equity 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 comrnon stock? $ per share (c) What is the par value of the preferred stock? $ per share (d) If the annual dividend on preferred stock is $66,000, what is the dividend rate on preferred stock? \% (e) If dividends of $132,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? eTextbook and Media

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