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Oriole Company Balance Sheet(Partial) Stockholders' equity Paid-in capital Preferred stock, cumulative,...

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Oriole Company Balance Sheet(Partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 14,000 shares authorized, 8,400 shares issued and outstanding $840,000 Common stock, no par, 740,000 shares authorized, 560,000 shares issued Total paid-incapital 2,800,000 Retained earnings Total paid-in capital and retained earnings 3,640,000 Less: Treasury stock (7,000 common shares) 1,858,000 Total stockholders' equity 5,498,000 40,600 $5,457,400 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? shares (b) Assuming there is a stated value, what is the stated value of the common stock? pershare (c) What is the par value of the preferred stock? $ pershare (d) If the annual dividend on preferred stock is $100,800, what is the dividend rate on preferred stock? (e) If dividends of $201,600 were in arrears on preferred stock, what would be the balance reported for retained earnings

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