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(c)also partial balance sheet (d)payout ratio % earnings per share return on common stock holders' equity % On January 1,2017, Blue Spruce Corp. had these

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(c)also partial balance sheet (d)payout ratio % earnings per share return on common stock holders' equity %

On January 1,2017, Blue Spruce Corp. had these stockholders' equity accounts. Common Stock ($ 10 par value, 72,500 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $725,000 519,500 645,000 During the year, the following transactions occurred. Declared a $0.70 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15 On April 15, the market price of the stock was $ 14 per share. Issued the shares for the stock dividend Declared a $0.60 per share cash dividend to stockholders of record on December 15, payable January 10, 2018 Determined that net income for the year was $ 424,000. Jan. 15 Feb. 15 Apr. 15 | May 15 Dec. 1 Dec. 31

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