The stockholders' equity accounts of Cheyenne Corp. on January 1, 2022 were as follows. $390,000 1.300.000 19,500 Preferred Stock 17%. $100 par noncumulative, 6500 shares authorized) Common Stock ($4 stated value, 390.000 shares authorized Paid in Capital in Excess of Par Value -- Preferred Stock Paid-in Capital in Bocess of Stated Value-Common Stock Retained Earrings Treasury Stock (6.500 common shares) 624000 894400 52.000 Durine 2022. the corporation had the following transactions and events pertaining to its stockholders equity Feb 1 Issued 6.500 shares of common stock for $39.000 Mar 20 Purchased 1.300 additional shares of common treasury stock at 7 pershare. Oct 1 Declared a 7% cash dividend on preferred stock payable November 1 Now Pald the dividend declared on October 1 Dec 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 5364000 Paid the dividend declared on December 3 3.04/6 1 x Your answer is incorrect. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January and December 31 to determine the average shares outstanding) Round answers to 2 decimal places 1525 Payout ratio Earnings per share Return on common stockholders' equity e Textbook and Media List of Accounts