$336,000 The stockholders' equity section of Sunland Company at December 31 is as follows. Sunland Company Balance Sheet (Partial) Paid-in capital Preferred stock, cumulative, 12,000 shares authorized, 8,400 shares issued and outstanding Common stock, no par, 900,000 shares authorized, 570,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (12,000 common shares) Total stockholders' equity 1,140,000 1,476,000 1,858,000 3,334,000 72,000 $3,262,000 From a review of the stockholders' equity section, as chief accountant, write a memo to the president of the company answering the following questions. (a) shares How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? (b) $ per share (c) What is the par value of the preferred stock? $ per share (d) % If the annual dividend on preferred stock is $16,800, what is the dividend rate on preferred stock? If dividends of $33,600 were in arrears on preferred stock, what would be the balance in Retained Earnings? (e) $