Your answer is partially correct. The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. BLUE SPRUCE CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 12,300 shares authorized, 7,400 shares issued and outstanding $ 747,400 Common stock, no par, 760,000 shares authorized, 590,000 shares issued 1,770,000 Total paid-in capital 2,517,400 Retained earnings 1,151,000 Total paid-in capital and retained earnings 3,668,400 Less: Treasury stock (7,100 common shares) 38,000 Total stockholders' equity $3,630,400 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding 571,600 shares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock $ 4 per share (c) What is the par value of the preferred stock? The par value of the preferred stock $ 102 per share (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock $ 4 per share (c) What is the par value of the preferred stock? The par value of the preferred stock $ 102 per share (d) If the annual dividend on preferred stock is $67,266, what is the dividend rate on preferred stock? The dividend rate 9 % (e) If dividends of $73,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $ 118000 e Textbook and Media Save for Later Attempts: 1 of 3 used Submit