During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 14,000 shares of common stock for $84,000 Mar. 20 Purchased 2,800 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1 . Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a 50.50 per share cash dividend to common stockholders of record on December 15, payable December 31,2 . Calculate the payout ratio, earnings per share, and return on common stockholder's' 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, e.g. 17.50%