estod holders' equity section X + ses/37282/assignments/3954752 The stockholders' equity accounts of Grouper Corp. on January 1, 2022 were as follows. Preferred Stock (7%. $100 par noncumulative 8.500 shares authorized) $510.000 Common Stock (54 stated value, 510,000 shares authorized) 1.700,000 Paid-in Capital in Excess of Par Value-Preferred Stock 25.500 Paid-in Capital in Excess of Stated Value-Common Stock 816.000 Retained Earnings 1.169,600 Treasury Stock (8.500 common shares) 68,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'equity. Feb. 1 Issued 8,500 shares of common stock for $51.000 Mar. 20 Purchased 1.700 additional shares of common treasury stock at 57 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 $0.50 per share cash dividend to common stockholders of record on December 15. payable December 31, 202. Dec. 31 Determined that net income for the year was 5476.000. Paid the dividend declared on December 1 Journalize the transactions, include entries to close net income and dividends to Retained Earnings) (Record entries in the order DELL tockholders' equity section x + 5/37282/assignments/3954752 Journalize the transactions. Include entries to close net income and dividends to Retained Earnings.) (Record entries in the order displayed in the problem statement Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, eg. 5,275.) Date Account Titles and Explanation Debit Credit kholders equity section X + 37282/assignments/3954752 Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts.(Post entries in the order of journal entries posted in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount.) Preferred Stock Common Stock Paid-in Capital in Excess of Par Value-Preferred Monday 4/21/2020 stockholders' equity section X + S/37282/assignments/3954752 GROUPER CORP. Partial Balance Sheet de 13 AM 4/27/2020 holders' equity section X + 37282/assignments/3954752 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. 15.25.) Payout ratio Earnings per share Return on common stockholders' equity e Textbook and Media List of Accounts Save for Later Attempts: 0 of 3 used Submit Answer 10:39 AM Monday 4/27/2020 DOLL
