need help with fixing the red boxes!

The stockholders' equity accounts of Flint Corporation on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 9,000 shares authorized) $540,000 Common Stock ($4 stated value, 540,000 shares authorized) 1,800,000 Paid-in Capital in Excess of Par Value-Preferred Stock 27,000 Paid-in Capital in Excess of Stated Value-Common Stock 864,000 Retained Earnings 1,238,400 Treasury Stock (9,000 common shares) 72,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 9,000 shares of common stock for $54,000. Mar. 20 Purchased 1,800 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 $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31 Dec. 31 Determined that net income for the year was $504,000. 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 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 0 decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit Cash 54000 Common Stock 36000 Paid-in Capital in Excess of Stated Value-Common Stock 18000 Treasury Stock 12600 Cash 12600 Cash Dividends 37800 Dividends Payable 37800 Dividends Payable 37800 Cash 37800 Cash Dividends 224100 Dividends Payable 224100 Income Summary 505000 Retained Earnings 505000 (To record net income) Retained Earnings 261900 Cash Dividends 261900 (To close cash dividends) Dividends Payable 224100 Cash 224100 (To record payment of cash dividends payable) 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 2/1 V 540000 1/1 Bal. 540000 Common Stock 3/20 V 1800000 2/1 36000 12/31 Bal. 1836000 Paid-in Capital in Excess of Par Value-Preferred Stock 1/1 Bal. V 27000 12/31 Bal. Paid-in Capital in Excess of Stated Value-Common Stock 1/1 Bal. V 1800000 2/1 y 36000 1/1 Bal. 1836000 Retained Earnings 1/1 Bal. 1238400 12/31 261900 12/31 Bal. . 505000 12/31 Bal. 1481500 Cash Dividends 10/1 37800 12/1 224100 12/31 261900 Treasury Stock 1/1 Bal. 72000 3/20 12600 LA 12/31 Bal. 84600 - Your answer is partially correct. Prepare the stockholders' equity section of the balance sheet at December 31, 2022. . FLINT CORPORATION Partial Balance Sheet December 31, 2022 Yolders' Equity tal k Stock $ $ 540000 tock 1836000 al Stock S 237600 ald-In Capital pital in Excess of Par Value-Preferred Stock 27000 pital in Excess of Par Value-Common Stock 882000 -In Caoltal 90900 In Capital and Retained Earnings 328500 amninga 1481501 In Capital and Retained Earnings 4766501 Treasury Stock (84600) tholders' Equity 468190 eTextbook and Media List of Accounts - Your answer is partially correct. 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 44.38 96 Earnings per share S 1.05 Return on common stockholders' equity ' 1176 96 eTextbook and Media