Current Attempt in Progress The stockholders' equity section of Bramble Corp's balance sheet at December 31 is presented here. BRAMBLE CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital $ 787,500 Preferred stock, cumulative, 12,500 shares authorized, 7,500 shares issued and outstanding Common stock, no par, 735,000 shares authorized, 565,000 shares issued 2,260,000 Total paid-in capital 3,047,500 Retained earnings 1,158,000 Total paid-in capital and retained earnings 4,205,500 Less: Treasury stock (6,900 common shares) 36,800 Total stockholders' equity $4,168,700 From a review of the stockholders' equity section, answer the following questions. (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? per share The stated value of the common stock $ (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 $47,250, what is the dividend rate on preferred stock? The dividend rate (e) If dividends of $73,800 were in arrears on preferred stock, what would be the balance reported for retained earnings? $ The Retained Earnings balance