Can someone please help me with an assignment for ACC/291? I am currently attending University of Phoenix. I have been having trouble with Accounting II. I have provided all the information needed.

Purpose of Assignment The purpose of this assignment is to help you become familiar with examining the stockholders' equity section of the balance sheet. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making, Ch. 11 Answer the following questions in words using the Lachlin Corporation Balance Sheet located on p. 575 of Financial Accounting: How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? What is the par value of the preferred stock? If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock? If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Use the Week 4 Excel spreadsheet and submit with your answers. Please provide man explanation of each answer. Information from p. 575 of Financial Accounting: Tools for Business Decision Making, Ch. 11 Lachlin Corporation Balance Sheet Partial Stockholders' Equity Pain-In capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, no par, 750,000 shares authorized, 580,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,000 common shares) Total stockholders' equity $ 600,000 2,900,000 3,500,000 1,158,000 4,658,000 32,000 $4,626,000