The stockholders' equity accounts of Concord Corporation on January 1, 2025, were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockholders equity. 1 issued 7,000 shares of common stock for $42.000. 20 Purchased 1,400 additional shares of common treasury stock at $7 per share. 1 Deciared a 7% cash dividend on preferred stock. payable November 1. 1 Paid the dividend dectared on October 1. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable Decemb 31 Determined that net income for the year was $390,000. Paid the dividend declared on December 1. Your answer is incorrect. Caiculate the payout ratio, earnings per share, and return on common stockholder's 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.8. 17.50 or 17.50% )