On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $500,000 502,000 605,000 During 2020, the following transactions occurred. Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Declared and paid a 10% stock dividend. The market price of the stock was $13 per share. Apr. 15 May 15 Reacquired 2,000 common shares at a market price of $16 per share. Nov. 15 Reissued 1,000 shares held in treasury at a price of $19 per share. Determined that net income for the year was $366,000. Dec. 31 Journalize the above transactions. (Include entries to close net income to Retained Earnings.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Account Titles and Explanation Credit Date Debit Determine the ending balances for Paid-in Capital, Retained Earnings, and Stockholders' Equity. Ending balances Paid-in Capital 2$ Retained Earnings Stockholders' Equity Calculate the payout ratio and the return on common stockholders' equity. (Round answers to 2 decimal places, e.g. 52.75%.) Payout ratio Return on common stock equity ratio