The stockholders’ equity section of Ayayai Corp.’s balance sheet at December 31 is presented here. AYAYAI CORP. Balance Sheet (partial) Stockholders’ equity Paid-in capital Preferred stock, cumulative, 8,500 shares authorized, 5,100 shares issued and outstanding $ 510,000 Common stock, no par, 720,000 shares authorized, 550,000 shares issued 1,650,000 Total paid-in capital 2,160,000 Retained earnings 1,148,000 Total paid-in capital and retained earnings 3,308,000 Less: Treasury stock (5,000 common shares) 26,600 Total stockholders’ equity $3,281,400 From a review of the stockholders’ equity section, answer the following questions. (a) How many shares of common stock are outstanding? Common stock outstanding enter a number of shares shares (b) Assuming there is a stated value, what is the stated value of the common stock? The stated value of the common stock $enter a common stock value per share in dollars per share (c) What is the par value of the preferred stock? The par value of the preferred stock $enter a preferred stock par value per share in dollars per share (d) If the annual dividend on preferred stock is $30,600, what is the dividend rate on preferred stock? The dividend rate enter a dividend rate on preferred stock in percentages % (e) If dividends of $71,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? The Retained Earnings balance $enter a Retained Earnings balance in dollars