Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Cheyenne Corp. on January 1, 2017, were as follows. Preferred Stock (790, $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) $300,000 1,000,000 15,000 480,000 683,500 40,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 5,000 shares of common stock for $35,000. Mar. 20 Purchased 1,000 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. Paid the dividend declared on October 1. Dec. 1 Declared a $0.85 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017. Dec. 31 Determined that net income for the year was $278,200. Paid the dividend declared on December 1 7(a) HEYENNE COR Partial Balance Sheet December 31, 2017 Stockholders' Equity Paid-in Capital Capital Stock Preferred Stock 300000 Common Stock 1020000 Total Capital Stock 1320000 Additional Paid-in Capital Paid-in Capital in Excess of Par Value-Preferred St 15000 Paid-in Capital in Excess of Stated Value-Commor 495000 Total Additional Paid-in Capital 510000 Total Paid-in Capital 1830000 Retained Earnings 729050 Total Paid-in Capital and Retained Earnings 2559050 Less 48000 Treasury Stock 2511050 Total Stockholders' Equity Click if you would like to Show Work for this question: Open Show Work Calculate the payout ratio, earnings per share, and return on common stockholders' e $2.66 and all other answers to 1 decimal place. 17.5%.) Payout ratio Earnings per share Return on common stockholders' equity Click if you would like to Show Work for this question: Open Show Work 0 0