The stockholders' equity accounts of Ayayai Corp. on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,200 shares authorized) $252,000 Common Stock ($3 stated value, 336,000 shares authorized) 840,000 Paid-in Capital in Excess of Par Value-Preferred Stock 12,600 Paid-in Capital in Excess of Stated Value-Common Stock 537,600 Retained Earnings 691,500 Treasury Stock (4,200 common shares) 33,600 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,880 shares of common stock for $34,160. Mar. 20 Purchased 1,650 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. Declared a $0.55 per share cash dividend to common stockholders of record on December 15, payable Dec 31, 2017. Dec. 31 Determined that net income for the year was $278,300. Paid the dividend declared on December 1. 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 Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Cash Dividends Treasury Stock Prepare the stockholders' equity section of the balance sheet at December 31, 2017 AYAYAI CORP. Partial Balance Sheet e Textbook and Media List of Accounts 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