I'm missing the Payout ratio.

The stockholders' equity accounts of Sarasota Corp. on January 1, 2022, were as follows. $180,000 600,000 9,000 Preferred Stock (7%, $100 par noncumulative, 3,000 shares authorized) Common Stock ($4 stated value, 180,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (3,000 common shares) 288,000 412,800 24,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Issued 3,000 shares of common stock for $18,000. Purchased 600 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, 2 Determined that net income for the year was $170,000. Paid the dividend declared on December 1. Nov. 1 Dec. 1 Dec. 31 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, e.g 17.50%.) Payout ratio % Earnings per share $ 1.05 Return on common stockholders' equity 11.88 %