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The stockholders' equity section of Marigold Corps balance sheet at December 31 is presented here, MARIGOLD CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 9.700 shares authorized, 5,800 shares issued and outstanding $585,800 1,782,000 Common stock, no par. 764,000 shares authorized, 594.000 shares issued Total paid-in capital 2,367,800 Retained earnings 1.161,000 3,528,800 Total paid-in capital and retained earnings Less: Treasury stock (7,100 common shares) 38,000 Total stockholders' equity $3,490,800 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding 5,88,900 shares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock $ 3.00 per share (c) What is the par value of the preferred stock? The par value of the preferred stock $ 101.00 per share (d) If the annual dividend on preferred stock is $41.006, what is the dividend rate on preferred stock? The dividend rate 7.00% (e) If dividends of $74.400 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance 10,86,600 e Textbook and Media Sve for Later Attempts: 2 of 3 used Submit Answ

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