Whispering Winds Corp. Dalance Sheet (Partial) Pald-in capital Preferred stock cumulative, 14,000 shares authorited, 8,400 shares iswed and cutstanding $336,000 Common stock, no par, 890,000 shares wuthorized, 510,000 shares issued Total paid-in capital Retained earnings Total paid in capital and retained earnings Lese Trearsury stock 16.000 comimon shares) Totalstockholders' ectity 1,020,0001,356,0001,858,0003,214,00037,200$3,176,800 From a review of the stockholders' equity section. as chief accountant, write a memo to the president of the company answering the following questions. (0) How many shares of common stockare 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 533,600 , what is the dividend rate on preferred stock? (c) If dividends of 567,200 were in arrears on preferred stock, what would be the balance in Retained Earnings