Accounting, Analysis, and Principles On January 1, 2017, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 60,000 shares issued and outstanding) $600,000 Paid-in Capital in Excess of Par-Common Stock Retained Earnings 507,000 640,000 During 2017, the following transactions occurred. Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Apr. 15 Declared and paid a 10% stock dividend. The market price of the stock was $14 per share. May 15 Reacquired 2,200 common shares at a market price of $16 per share. Nov. 15 Reissued 1,100 shares held in treasury at a price of $18 per share Dec. 31 Determined that net income for the year was $361,000. Determine the ending balances for Contributed Capital, Retained Earnings, and Stockholders' Equity Ending balances Contributed Capital 1175600 Retained Earnings 854000 Stockholders' Equity2029600 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Your answer is partially correct. Try again. Calculate the payout ratio and the return on common stockholders' equity. (Round answers to 1 decimal place, eg, 52.5%.) Payout ratio 17.5 Return on common stock equity ratio 17.7