Question 1 Pina Colada Corp. had net income of $164600 and paid dividends of $48000 to common stockholders and $15500 to preferred stockholders in 2020. Pina Colada Corp.'s common stockholders' equity at the beginning and end of 2020 was $870000 and $1030000, respectively. Pina Colada Corp.'s payout ratio for 2020 was 4.80%. 43.70%. 29.16% 15.10%