The stockholders' equity accounts of Bramble Corp. on January 1, 2022 were as follows. $840,000 2,800,000 42.000 Preferred Stock (7%, $100 par noncumulative, 14,000 shares authorized) Common Stock ($4 stated value, 840,000 shares authorized) Pald-in Capital in Excess of Par Value --Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (14,000 common shares) 1,344.000 1.926400 112.000 During 2022, the corporation had the follovng transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Issued 14,000 shares of common stock for $84,000. Purchased 2,800 additional shares of common treasury stock at $7 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, 2 Motormined that net income for the year was $784,000. Paid the dividend declared on December 1. Nov. 1 Dec. 1 Paid-in Capital in Excess of Stated Value-Common Stock 1/1 Bal. 1.344.000 2/1 30,000 12/31 Bal. 1,374,000 Retained Earnings 12/31 407400 1/1 Bal. 1.926,400 Retained Earnings 2,301 7413 Total Paid-in Capital and Retained Earnings + 131600 Less : Treasury Stock 7282 Total Stockholders' Equity Your answer is partially correct. 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, e.g. 15.25.) Payout ratio 52.14 % Earnings per share 1.05 11.51 % Return on common stockholders' equity