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If the annual dividend on preferred stock is 36000 what is

Lachlin Corporation Balance Sheet (partial) below:

How many shares of common stock are outstanding?

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

What is the par value of the preferred stock?

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

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

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Accounting Basics: If the annual dividend on preferred stock is 36000 what is

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Accounting Basics: If the annual dividend on preferred stock is 36000 what is

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