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What s the retained Earnings balance?

Exercise 11-4 The stockholders' equity section of Grouper Corp.'s balance sheet at December 31 is presented here. GROUPER CORP. Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 9,500 shares authorized, 5,700 shares issued and outstanding Common stock, no par, 748,707 shares authorized, 579,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (6,800 common shares) Total stockholders' equity $ 587,100 2,895,000 3,482,100 1,200,000 4,682,100 36,267 $4,645,833 From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding 572200 shares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock per share (c) What is the par value of the preferred stock? The par value of the preferred stock 105 per share (d) If the annual dividend on preferred stock is $41,097, what is the dividend rate on preferred stock? The dividend rate 7.21 % (e) If dividends of $73,200 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance

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