NWP Assessment Player Ul App X + nit-player/index.html?unichi 4339232-6631681-042003959012/question/2 Question 3 of 3 6.42/9 View Policies Show Attempt History Current Attempt in Progress The stockholders equity accounts of Martinez Corp. on January 1, 2017, were as follows Preferred Stock (7%, 5100 par noncumulative, 4.800 shares authorized) $288.000 Common Stock (54 stated value, 330,000 shares authorized) 1,100,000 Paid-in Capital in Excess of Par Value-Preferred Stock 14.400 Pald-in Capital in Excess of Stated Value-Common Stock 528.000 Retained Earnings 689,000 Treasury Stock (4,800 common shares 38,400 During 2017, the corporation had the following transactions and events pertaining to its stockholders equity. Feb. 1 Issued 4,540 shares of common stock for $27.240 Mar. 20 Purchased 1,750 additional shares of common treasury stock at $ 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 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 1 31, 2017 Dec. 31 Determined that net income for the year was $275,700. Paid the dividend declared on December 1, Your answer is partially correct 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, s. 5,275. Date Debit Credit Account Titles and Explanation Cash 2720 Common stock Pintor StatCommon Stock 14000 711 X NWP AmenaerUIA X /en-player/index.htm Maunch 04103522-6531-4680-463-0425.95003esion Question 3 of 3 6.4279 Journ the transaction indude entre todosent income and dividends to Retal Earnings Record entries in the played in the problem statement. Credit account these outomatically indented when a sentent Do not indent manual no entry or select "No Entry for the account title and enter for the amounts. Round answers to decimal places 5.225) Date Account Thies and Explanation Debit Credit 2730 10 CS M20 Trey Stock 3000 O Ca. 1 2010 Onda Divis 2014 G 13 Crocode 27500 others! BOSS 6.4279 Question 3 of 3 195 Total Paid in Cait 50 Retained Earning 276 Tool Paid in Caitland Retained Earnings LE 223 Tol Stocholiers Equity eTextbook and Media List Accounts - Your answer is partially correct Calculate the payout ratio, carines per Share and return on common stockholders' equity (Round earning per share to 2 decimal places es $2.66 and all other answers to 1 decimal placr. 17,5%) 504 x Payout ratio 5 92 Earnings per share 1 Return on common stochodes couity Textbook and Media List of Accounts Atemt of 3 O 11-10111 NWP Arena Player Ullor x + www/ment played the land 04161532-6531-460-6663.04283950903/stion/2 6.42/9 Question 3 of 3 21 1100 12/3 Pald in Capital in excess of Par Value Preferred Stock 12 14,400 Paid in Capital in Excess of stated ValueCom Stock 529.000 21 13 5700 Retained Earnings 1201 9.000 2 1700 > Cash Dividends 171 301 15 DO 0 Treasury Stock 10 50100 Textbook and Media of Account