Exercise 11-10 (Part Level Submission) Whispering Winds Corp. was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,300; 2022, $12,400; and 2023, $29,800. (a) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. (Do not leave any answer field blank. Enter o for amounts.) 2021 2022 2023 Total dividend Allocation to preferred stock Remainder to common stock SHOW LIST OF ACCOUNTS LINK TO TEXT Attempts: 0 of 3 used SAVE FOR LATER SUBMIT ANSWER The following financial information is available for Ayayai Corporation. (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 2022 $2,500 295 40 500 2021 $2,550 594 40 550 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%) 2022 2021 Payout ratio Return on common stockholders' equity LINK TO TEXT LINK TO VIDEO Question Attempts: 0 of 3 used