RCES Problem 11-2A The stockholders' equity accounts of Cheyenne Corp. on January 1, 2017, were as follows. EU0 tudy Preferred Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4 stated value, 310,000 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 (4,400 common shares) $264,000 1,033,333 13,200 496,000 683,500 35,200 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. Issued 4,620 shares of common stock for $32,340. Purchased 1,250 additional shares of common treasury stock at $8 per share. Declared a 7% cash dividend on preferred stack, payable November 1. Paid the dividend declared on October 1. Declared a $0.85 per share cash dividend to common stockholders of record on December 15, payable Decembe 2017. Determined that net income for the year was $278,200. Paid the dividend declared on December 1. nove sermona radio en e Dec. 31 l en becomes 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 til are automatically indented when amount is entered. Do not indent manually. It ne entry is required, select "No Entry for the account titles and enter for the amounts. Roun answers to decimal places, e.g. 5,275.) Date Account Tities and Explanation (to record net income) (todose con dividends) (To record payment of cash dividends payable) CHEYENNE CORP. Partial Balance Sheet Study decimal places, $2.66 and all other answers to I decimal Calculate the payout ratio, earnings per share, and return on common stockholders' equity (Round earning per share to place. 17.59.) Payout racio Earnings per share Return on common stockholders' equity Click If you would like to show Work for this questions O n Show Work