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On January 1, 2022, Bridgeport Corp, had these stockholders'equity accounts. $665,000 Common Stock ($10 par value, 66,500 shares Issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings 481,500 615,000 During the year, the following transactions occurred. Jan 15 Feb. 15 Apr 15 Declared a $0.40 cash dividend per share to stockholders of record on January 31, payable February 15, Paid the dividend declared in January Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $16 per share. Issued the shares for the stock dividend. Declared a $0.50 per share cash dividend to stockholders of record on December 15, payable January 10, 2023, Determined that net income for the year was $353,000 May 15 Dec 1 Dec 31 * Your answer is incorrect. Calculate the payout ratio and return on common stockholders' equity. (Round answers to 1 decimal place, e.g. 12.5%) Payout ratio 48.0 % 51.0 % Return on common stockholders' equity