1). How do you calculate the rate of return on common stockholders' equity?

Sheffield Company had $42,000 of net income in 2013.Equity at the beginning of the year was $1,200,000 and at the end of the year was $1,600,000.Sheffield has no preferred stock.(Round to 3 decimal places.)

2). How do you calculate and record the journal entry ?

1. On November 1, 2014, Oster Company declared a dividend of $3.00 per share. Oster Company has 20,000 shares of common stock outstanding and no preferred stock.The date of record is November 15, and the payment date is November 30, 2014. Please provide the journal entry needed on November 30.
2. On November 1, 2014, Oster Company declared a dividend of $3.00 per share.Oster Company has 20,000 shares of common stock outstanding and no preferred stock.Please provide the journal entry for the declaration of dividends.