The stockholders’ equity section of indigo corporation’s balance sheet at december 31 is presented here. indigo corporationbalance sheet (partial)stockholders’ equity paid-in capital preferred stock, cumulative, 11,833 shares authorized, 7,100 shares issued and outstanding $ 710,000 common stock, no par, 717,672 shares authorized, 555,000 shares issued 1,665,000 total paid-in capital 2,375,000 retained earnings 1,151,000 total paid-in capital and retained earnings 3,526,000 less: treasury stock (7,000 common shares) 37,333total stockholders’ equity $3,488,667from 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? 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 $per share(d) if the annual dividend on preferred stock is $49,700, what is the dividend rate on preferred stock? the dividend rate %(e) if dividends of $71,400 were in arrears on preferred stock, what would be the balance reported for retained earnings? the retained earnings balance $