Current Attempt in Progress The stockholders' equity accounts of Bramble Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,500 shares authorized) $270,000 Common Stock ($4 stated value, 270,000 shares authorized) 900,000 Paid-in Capital in Excess of Par Value-Preferred Stock 13,500 Paid-in Capital in Excess of Stated Value - Common Stock 432,000 Retained Earnings 619,200 Treasury Stock (4,500 common shares) 36,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. 1 20 1 Issued 4,500 shares of common stock for $27,000. Purchased 900 additional shares of common treasury stock at $7 per share. 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. Determined that net income for the year was $254,000. Paid the dividend declared on December 1. 1 1 31 (d) Your answer is partially correct. 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, eg 17.5096.) Payout ratio 47.66 % Earnings per share $ $ 1.06 Return on common stockholders' equity 11.62 % Save for Later Attempts: 2 of 3 used Submit