Hans Jackson, president of Jackson Corporation, believes that it is a good practice for a company to maintain a constant payout of dividends relative to its earnings. Last year, net income was $610,000, and the corporation paid $103,700 in dividends. This year, due to some unusual circumstances, the corporation had income of $1,460,000. Hans expects next year's net income to be about $710,000. (a1) What was Jackson's payout ratio last year? If it is to maintain the same payout ratio, what amount of dividends would it pay this year? Payout ratio-last year % Dividends paid this year $