The stockholders' equity accounts of Concord Corporation on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncumulative, 7,000 shares authorized) $420,000 Common Stock ($4 stated value. 420,000 shares authorized) 1,400,000 Paid-in Capital in Excess of Par-Preferred Stock 21,000 Paid-in Capital in Excess of Stated Value-Common Stock 672,000 Retained Earnings 963,200 Treasury Stock (7,000 common shares) 56,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 7,000 shares of common stock for $42,000. Mar. 20 Oct. 1 Nov. 1 Dec 1 Dec. 31 Purchased 1,400 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, 20 Determined that net income for the year was $390,000. 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 recorded in the previous part. For accounts that have zero ending balance, the entry should be the balance date and zero for the amount on the normal side of the account.) 000 000 000 000 Preferred Stock Paid-in Capital in Excess of Par-Preferred Stock Common 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, 2025. (Enter account name only and do not provide descriptive information.) Stockholders' Equity Paid-in Capital Capital Stock CONCORD CORPORATION Partial Balance Sheet December 31, 2025 Preferred Stock Common Stock Total Capital Stock Additional Paid-in Capital Common Stock Preferred Stock Total Additional Paid-in Capital Total Paid-in Capital Retained Earnings Total Paid-in Capital and Retained Earnings Less Treasury Stock Total Stockholders' Equity eTextbook and Media Solution List of Accounts $C 00000 Your Answer Correct Answer *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 1 and December 31 to determine the average shares outstanding) (Round answers to 2 decimal places for per unit and percentage, e.g. 17.50 or 17.50%.) Payout ratio Earnings per share Return on common stockholders' equity % %