Stockholders’ equity Paid-in capital Preferred stock,
cumulative, 12,333 shares authorized, 7,400 shares issued and
outstanding $ 747,400 Common stock, no par, 762,931 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) 37,867 Total stockholders’ equity $3,630,533 From a review
of the stockholders’ equity section, answer the following
questions.

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Question: Stockholders’ equity Paid-in capital Preferred stock, cumulative, 12,333 shares authorized, 7,400…
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(a) How many shares of common stock are outstanding? Common
stock outstanding shares

(b) Assuming there is a stated value, what is the stated value
of the common stock? The stated value of the common stock $ per
share

(c) What is the par value of the preferred stock? The par value
of the preferred stock $ per share

(d) If the annual dividend on preferred stock is $67,266, what
is the dividend rate on preferred stock? The dividend rate %

(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 $

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