The stockholders' equity accounts of Flounder Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncumulative, 7,500 shares authorized) $450,000 Common Stock ($4 stated value, 450,000 shares authorized) 1,500,000 Paid-in Capital in Excess of Par-Preferred Stock 22,500 Paid-in Capital in Excess of Stated Value-Common Stock 720,000 Retained Earnings 1,032,000 Treasury Stock (7,500 common shares) 60,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 7,500 shares of common stock for $45,000. Mar 20 Purchased 1,500 additional shares of common treasury stock at $7 per share. During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Purchased 1,500 additional shares of common treasury stock at $7 per share. Feb. 1 Issued 7,500 shares of common stock for $45,000. Mar. 201 Oct. 1 Nov. 1 1 Dec. Dec. 31 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 Determined that net income for the year was $430,000. Paid the dividend declared on December 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. List all debit entries before credit entries.) Date Account Titles and Explanation Feb. 1 Cash Common Stock Debit 45000 Paid-in Capital in Excess of Stated Value-Common Stock Mar. 20 v Treasury Stock 10500 Cash Credit 3000 1500 1050 Oct. 1 Cash Dividends Dividends Payable Nov. 1 Dividends Payable Cash Dec. 1 Cash Dividends Dividends Payable Dec. 31 Dividends Payable Cashi (To close Income Summary and transfer net income to Retained Earnings) 31500 31500 186750 186750 3150 3150 18675 18675 Dec. 31 v Retained Earnings Dec. 31 v Cash Dividends (To close Cash Dividends to Retained Earnings) Income Summary Retained Earnings (To record payment of cash dividends payable) 218250 430000 21825 43000 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.) 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.) FLOUNDER CORP. Partial Balance Sheet $ 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 44.46 % 1.18 Return on common stockholders' equity 11.7