The stockholders' equity accounts of Bramble Corp. on January 1, 2022, were as follows Preferred Stock (7%. 5100 par noncumulative, 4.500 shares authorized) $270,000 Common Stock ($4 stated value, 270,000 shares authorized) 900,000 Pald-in Capital in Excess of Par Value - Preferred Stock 13,500 Paid-in Capital in Excess of Stated Value-Common Stock 432.000 Retained Earnings 619,200 Treasury Stock (4,500 common shares) 36.000 1 During 2022 the corporation had the following transactions and events pertaining to its stockholders equity Feb. Issued 4.500 shares of common stock for $27.000. Mar. 20 Purchased 900 additional shares of common treasury stock at $7 per share. Oct 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 Dec 31 Determined that net income for the year was $254,000. Paid the dividend declared on December 1 1 Nov 1 Dec 1 Part 1 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 o for the amounts. Round answers to 0 decimal places, e.g. 5,275.) Account Titles and Explanation Debit Credit Date (To record net income) (To close cash dividends) (To record payment of cash dividends payable) 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 Pald-in Capital In Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value- Common Stock Retained Earnings Cash Dividends a 3 Cash Dividends : Treasury Stock . Part 3 Prepare the stockholders' equity section of the balance sheet at December 31, 2022 BRAMBLE CORP Partial Balance Sheet Part 4 Calculate the payout ratio, carnings per share, and return on common stockholders equity. (NoteUse the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.{Round answers to 2 decimal places, es 17.50%) Payout ratio Earnings per share Return on common stockholders' equity $ * eTextbook and Media List of Accounts Savo for Later Attempts: 0 of 15 used Si