how many shares of common stock are outstanding 575597

The stockholders’ equity section of Sundberg Corporation’s balance sheet at December 31 is presented here.

SUNDBERG CORPORATION Balance Sheet (partial)
Stockholders’ equity
Paid in capital
Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding	$ 600,000
Common stock, no par, 750,000 shares authorized, 600,000 shares issued	2,100,000
Total paid in capital	2,700,000
Retained earnings	1,158,000
Total paid in capital and retained earnings	3,858,000
Less: Treasury stock (8,000 common shares)	(32,000)
Total stockholders’ equity	$3,826,000

Instructions

From a review of the stockholders’ equity section, answer the following questions.

(a) How many shares of common stock are outstanding?

(b) Assuming there is a stated value, what is the stated value of the common stock?

(d) If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?

(e) If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?