ASAP PLZZ

10.68/12 3 The stockholders' equity accounts of Indigo Corporation on January 1.2022 were as follows Preferred Stock 17%, $100 par no cumulative 10,000 shares authorized Common Stock (54 stated value, 600,000 shares authorized) $600.000 2,000,000 Pald-in Capital in Excess of Par Value-Preferred Stock 30.000 960,000 Paid-In Capital in Excess of Stated Value-Common Stock Retnined Emnings Trancy Stock (10.000 common shares) 1376.000 80.000 During 2.022. the corporation had the following transactions and events pertaining to its stockholders equity. Fol sued 10,000 shares of common stock for $60.000. Mar20 1 Purchased 2,000 additional shares of common treasury stock at 57 per share Dectared a 7% cash dividend on preferred stock payable November 1 Paid the dividend declared on October 1, Nav 1 Dec 1 Declared a $0,50 per share cash dividend to common stockholders of record on December 15.Dayable December 31, 2 Dec 31 Determined that net income for the year was 5550,000. Paid the dividend declared on December 1 Your answer is partially correct. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. INDIGO CORPORATION Partial Bhlance Sheet December 31, 2022 Stockholders Equity Paldin Capital Capital Stock 600000 Preferred Stock 2040000 Common Stock sid-in Capital italin Excess of Par Value-Preferred Stock 30000 italin Excess of Stated Value-Common Stock 980000 local Paid In Capital 1010000 Catat 3650000 1645000 5295000 Capital and Retained Earnings 94000 Treaty Stock 5201000 holders' Equity Calculate the payout ratio, earnings per share and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding) (Round answers to 2 decimal places 17.50%) Payout ratio 48.07 Earnings per share $ 100 Return on common stockholders' equity 11.52