On January 1, 2017, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 70,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $700,000 520,000 611,000 During 2017, the following transactions occurred. Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Apr. 15 Declared and paid a 10% stock dividend. The market price of the stock was $14 per share. May 15 Reacquired 2,100 common shares at a market price of $16 per share. Nov. 15 Reissued 1,050 shares held in treasury at a price of $18 per share. Dec. 31 Determined that net income for the year was $380,000. Journalize the above transactions. (Include entries to close net income to Retained Earnings.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) Date Account Titles and Explanation Debit Credit Jan. 15, 2017 Apr. 15, 2017 May 15, 2017 Nov. 15, 2017 Dec. 31, 2017 Determine the ending balances for Contributed Capital, Retained Earnings, and Stockholders' Equity. Ending balances Contributed Capital Retained Earnings " Stockholders' Equity SHOW LIST OF ACCOUNTS Calculate the payout ratio and the return on common stockholders' equity. (Round answers to 1 decimal place, e.g. 52.5%.) Payout ratio Return on common stock equity ratio