please help me. answer part D for me . help me . answer part D for me. and make sure the answer is correct . thank you.
The stockholders' equity accounts of Flounder Corp. on January 1, 2022 were as follows. $300,000 1,000,000 Preferred Stock (7%, $100 par noncumulative, 5.000 shares authorized) Common Stock ($4 stated value, 300.000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (5,000 common shares) 15,000 480,000 693,000 40,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Issued 5,000 shares of common stock for $30,000. Purchased 1,000 additional shares of common treasury stock at $8 per share. Declared a 7% cash dividend on preferred stock, payable November 1 Paid the dividend declared on October 1. Declared a $0,70 per share cash dividend to common stockholders of record on December 15. payable December 31. 2022 Paid the dividend declared on December 1. Nov. 1 Dec. 1 Dec. 31 (a) Prepare a tabular summary that includes the January 1, 2022, balances. Do not include the beginning balance in Retaine Record the 2022 transactions in the tabular summary, (b) Include margin explanations for the changes in revenues and expenses. (Round answers to O decimal places, e.g. 5,275. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Assets Liabilities Cash Div. Pay. Common Stock (a) Bal. $ $ $ 1000000 (b) Feb. 1 30000 i 20000 Mar. 20 8000 Oct. 1 21000 Nov. 1 21000 -2 1000 Dec. 1 174300 - (a) Prepare a tabular summary that includes the January 1, 2022, balances. Do not include the beginning balance in Retaine Record the 2022 transactions in the tabular summary. (b) Include margin explanations for the changes in revenues and expenses. (Round answers to 0 decimal places, e.g. 5,275. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) S Paid-in-Capital PIC in Excess of Stated Value Com. Pref. Stock PIC in Excess of Par Value Pref. Treasur $ 480000 $ 300000 15000 $ 10000 i (a) Prepare a tabular summary that includes the January 1, 2022, balances. Do not include the beginning balance in Retaine Record the 2022 transactions in the tabular summary (b) Include margin explanations for the changes in revenues and expenses. (Round answers to O decimal places, e.g. 5,275. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Stockholders' Equity Retained Earnings Treasury Stock Revenue Expense Di $ 40000 $ i 8000 Include margin explanations for the changes in revenues and expenses. (Round answers to O decimal places, e.g. 5,275. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset. Liability or Equity item that was reduced.) Retained Earnings Expense Dividend A $ i 21000 i i -174300 LIGURETLICO Cash Div. Pay. Common Stock + (a) Bal. $ i $ 1000000 (b) Feb. 1 30000 i 20000 Mar. 20 8000 i Oct. 1 i 21000 Nov. 1 -21000 -21000 Dec. 1 174300 Dec. 31 -174300 174300 LIQUILIC Div. Pay. PIC in Excess of Stated Value Com. Common Stock $ 1000000 480000 $ 20000 10000 21000 -21000 174300 i 174300 Paid-in-Capital PIC in Excess of Stated Value Com. Pref. Stock PIC in Excess of Par Value Pref. 30 480000 300000 15000 30 10000 1 Prepare the stockholders' equity section of the balance sheet at December 31, 2022. Include 2022 net income of $285,000 as an increase to the January 1, 2022, Retained Earnings. FLOUNDER CORP. Partial Balance Sheet December 31, 2022 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 300000 Common Stock 1020000 Total Capital Stock $ Additional Paid-in Capital Paid in Capital in Excess of Stated Value Common Stock 490000 Paid In Capital in Excess of Par Value Preferred Stock 15000 Total Additional Paid-in Capital Equity al stock $ 300000 tock 1020000 Stock 1320000 id-in Capital italin Excess of Stated Value-Common Stock 490000 pital in Excess of Par Value-Preferred Stock 15000 hal Paid-in Capital 505000 Capital 1825000 782700 aming Capital and Retained Earnings : 2007700 Common Stock 1020000 Total Capital Stock $ Additional Paid-in Capital Paid-in Capitalin Excess of Stated Value Common Stock 490000 Paid in Capital in Excess of Par Value Preferred Stock 15000 Total Additional Paid-in Capital Total Pald-in Capital Retained Earnings Total Paid in Capital and Retained Earnings : Less Treasury Stock Total Stockholders Equity $ 1! tock 1020000 Stock UP 1320000 id-in Capital Sital in Excess of Stated Value-Common Stock 490000 Stalin Excess of Par Value-Preferred Stock 15000 nal Paid-in Capital 505000 Capital 1825000 arnings 782700 Capital and retained Earnings 2607700 Treasury Stock 48000 i ilders' Equity $ 2559700 (d) 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 earning per share to 2 decimal places, e.g. $2.66 and all other answers to 1 decimal place. 17.5%) Payout ratio 66.0 Earnings per share 102 Return on common stockholders' equity 117 %
