Show Attempt History Current Attempt In Progress The stockholders' equity accounts of Ayayai Corp. on January 1, 2022, were as follows. $150,000 500,000 7,500 Preferred Stock (7%, $100 par noncumulative, 2,500 shares authorized) Common Stock ($4 stated value, 150,000 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 (2,500 common shares) 240,000 344,000 20,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity Feb. 1 Mar. 20 Oct. 1 Issued 2,500 shares of common stock for $15,000 Purchased 500 additional shares of common treasury stock at $7 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Pald 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, 2 Determined that net income for the year was $145,000. Paid the dividend declared on December 1. Nov. 1 Dec. 1 Dec. 31 (a) Journal the transactions include entre todose net income and dividends to Hind Earning centries in the order Wed in the problem statement. Credit account titles are automatically indeed where amount hentered. Do not indent mon. If no entry is equired, select "No Entry for the accountries and enter for the count Round answers to decimal places 5,275) Date Account Titles and Explanation Debit Credit Cach 100 Common Stock 1000 Paldin Capital of State Value Contact 5000 tar 20 Treasury Stock Canh 1500 11 L Dividends 10500 Divided Payable 1 Dividende 10500 Cach Cash Dividende Dividinde Payable tec 31 Income Suary 14000 Heid Earnings To record net lecome Patalude 72250 Cath Dividends 32750 Todose cach dividends) 31 Divisible Cash 9250 To record payment of cash dividends payable) e Textbook and Media List of Accounts Attempts of used MOTO The Preferred Stock 118 150000 12/31 Common Stock 1/18 500000 10000 12/31 510000 Pald-in Capital in Excess of Par Value-Preferred Stock 1 al 7500 12/31 7500 Paid-in Capital in Excess of Stated Value Common Stock 211 5000 12/31 345.000 Retained Earnings 12/21 72750 1/1 Ral 4000 12/31 545000 12/35 456250 Cash Dividends 10/1 10500 12/31 12/1 49250 12/31BH Treasury Stock 1/15 20000 3/20 3500 12/31 23500 eTextbook and Media List of Accounts Question 1 of 2 3.75/5 Prepare the stod holders equity section of the balance sheet of December 31, 2022 AYAYAI CORP Partial Balance Sheet December 31, 2072 ensuity pl Stock 150000 Stock 310000 etal Stock 0000 Paid-in Capital apital in Excess of Par Valor Preferred Stock apitalin Excess of Stated Value-Common Stock 243000 fitional Paid in Capital 252500 1-in Capital 912500 Earnings 16250 -in Capital and Retained Earnings 1120750 Treasury Stod 23500 ckholders' Equity 1505250 eTextbook and Media Assistance Used Textbook Video List of Accounts Attempts: 2014 (d) Calculate the payout ratio, earnings 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, 0.8 17.50%) Payout ratio Earnings per share Return on common stockholders' equity e Textbook and Media Assistance Used e Textbook Video