Question 19 of 20 The stockholders' equity accounts of Pina Colada Corp. on January 1, 2017, were as follows. $810,000 2,700,000 Preferred Stock (7%, $100 par noncumulative, 13,500 shares authorized) Common Stock ($4 stated value, 810,000 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 (13,500 common shares) 40,500 1.296,000 1,857,600 108,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders'equity. Feb 1 Issued 13,500 shares of common stock for $81,000. Purchased 2.700 additional shares of common treasury stock at $7 per share. Mar 20 Type here to search LI 75F Question 19 of 20 - 12 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity, Feb. 1 Mar. 20 Oct 1 Nov. Issued 13,500 shares of common stock for $81,000. Purchased 2,700 additional shares of common treasury stock at 57 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017 Determined that net income for the year was $754,000. Paid the dividend declared on December 1. 1 Dec 1 Dec. 31 Journalize the transactions. (Record entries in the order displayed in the problem statement Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts. Round answers to decimal places, eg. 5,275) e here to search ORI 75F Haze Question 19 of 20 - /20 Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Post entries in the order of journal entries posted in the previous part.) Preferred Stock Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock me here to search ORI 75F Haze > . Question 19 of 20 Paid-in Capital in excess of Par value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings pe here to search ORE ED 75F - Chapters 10, 11 & 12 Question 19 of 20 Cash Dividends Treasury Stock Type here to search o 75 Question 19 of 20 - /20 Prepare the stockholders' equity section of the balance sheet at December 31, 2017 PINA COLADA CORP. Partial Balance Sheet $ be here to search O HI 75F Haze - Chapters 10, 11 & 12 Question 19 of 20 - /20 Calculate the payout ratio, earnings per share, and return on common stockholders equity. (Round earning per share to 2 decimal places, eg. $2.66 and all other answers to 1 decimal place 17.5%) Payout ratio % Earnings per share $ Return on common stockholders' equity List of Accounts Sovetor Liter Attempts: 0 of 1 used Submit