Can you please help me solve this?

Your answer is incorrect. Try again. 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 earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%. ) Payout ratio 44 Earnings per share Return on common stockholders' equity 6.7 Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows Preferred Stock (7%, $ 100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value- Preferred Stock $780,000 2,600,000 39,000 Paid-in Capital in Excess of Stated Value Common Stock 1,248,000 Retained Earnings 1,788,800 Treasury Stock (13,000 common shares) 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Issued 13,000 shares of common stock for $78,000 Feb. 1 Mar. 20 Purchased 2,600 additional shares of common treasury stock at $7 per share Oct Declared a 7% cash dividend on preferred stock, payable November 1 Paid the dividend declared on October 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022 1 Nov 1 Dec Dec. 31 Determined that net income for the year was $730,000. Paid the dividend declared on December 1 1 BLUE SPRUCE CORP. Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock 2,652,00 Common Stock 780,000 Preferred Stock Total Capital Stock 3,432,00 Additional Paid-in Capital Paid-in Capital in Excess of Par V 39,000 1,274,00 Paid-in Capital in Excess of State Total Additional Paid-in Capital 1,313,00 Total Paid-in Capital 4,745,00 Retained Earnings 2,140,50 Total Paid-in Capital and Retained Earnings 6,885,50 LessTreasury Stock 122,200 6,763,30 Total Stockholders' Equity 4