PTODOMITIUZA The stockholders' equity accounts of Grouper Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 8,500 shares authorized) $510,000 Common Stock ($4 stated value, 510,000 shares authorized) 1,700,000 Paid in Capital in Excess of Par Value-Preferred Stock 25,500 Paid-in Capital in Excess of Stated Value-Common Stock 816,000 Retained Earnings 1,169,600 Treasury Stock (8,500 common shares) 68,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Issued 8,500 shares of common stock for $51,000 Mar. 20 Purchased 1,700 additional shares of common treasury stock at $7 per share. Oct Declared a 7% cash dividend on preferred stock, payable November 1 Nov. 1 Paid the dividend declared on October 1. Dec. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2022. Dec. 31 Determined that net income for the year was $476,000. Paid the dividend declared on December 1. 1 1 Prepare the stockholders' equity section of the balance sheet at December 31, 2022. GROUPER CORP. Partial Balance Sheet $ SHOW LIST OF ACCOUNTS LINK TO TEXT Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and Dece Payout ratio % Earnings per share Return on common stockholders' equity % Click if you would like to show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS