View Policies Current Attempt in Progress port The stockholders' equity section of Martinez Corp's balance sheet at December 31 is presented here. MARTINEZ CORP Balance Sheet (partial) Stockholders equity Paid-in capital Preferred stock, cumulative, 9,800 shares authorized, 5,900 shares issued and outstanding $595,900 Common stock, no par, 749,000 shares authorized, $79,000 shares issued 1,737,000 Total paid-in capital 2,332.900 Retained earnings 1,158,000 Total paid-in capital and retained earnings 3,490,900 40,000 Less: Treasury stock (7,500 common shares) Total stockholders' equity $3.450,900 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 547,672, what is the dividend rate on preferred stock? The dividend rate % (e) If dividends of $71,700 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $