Question 5 of 5 -/5 E View Policies Current Attempt in Progress The stockholders equity accounts of Swifty Corporation on January 1, 2022 were as follows Preferred Stock (7%, 5100 par noncumulative, 11,000 shares authorized) $660,000 Common Stock (54 stated value, 660,000 shares authorized) 2.200,000 Paid-in Capital in Excess of Par Value-Preferred Stok 33.000 Paidin Capital in Excess of stated Value-Common Stock 1056,000 Retained Earnings 1.5131600 Treasury Stock (11.000 common shares) 88,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders equity, Feb 1 Issued 11.000 shares of common stock for $66.000 Mar20 Purchased 2.200 additional shares of common treasury stock at Sper share Oct 1 Declared a cash dividend on preferred stock, navable November 1 Nov 1 Paid the dividend declared on October 1 De Declared a 50 so por share cash dividend to common stockholders of record on December 15. payable December 31 Dec 31 Determined that net income for the year was $616,000. Paid the dividend declared on December 1 1 Type here to search Question 5 of 5 -/5 III Journalize the transactions include entries to close net income and dividends to Retained Earnings:) (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 Ofor the amounts. Round answers to O decimal places.es5,275) Date Account Titles and Explanation Debit Credit C. > Type here to search O A) 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. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount) Preferred Stock Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Pald-in Capital in Excess of Stated Value-Common Stock type here to search O 4 Prepare the stockholders' equity section of the balance sheet at December 31, 2022 SWIFTY CORPORATION Partial Balance Sheet PTVp to search . List of Accounts Calculate the payout ratio carnings 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 answers to 2 decimal places 15.25 Payout ratio Earnings per share Return on common stockholders' equity Assistance Used e Textbook and Media List of Accounts Attempts of used o P type here to search