The stockholders' equity accounts of Indigo Corporation on January 1, 2025, were as follows. During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Sued 10,000 shares of common stock for $60,000. Mar. 20 Purchased 2,000 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend deciared on October 1. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15 , payable December 31,2 Dec 31 Determined that net income for the year was $550,000. Paid the dividend declared on December 1. Joumalize 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 occount titles and enter O for the amounts. List all debit entries before credit entries.) Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Post entries in the order of lournal entries recorded in the previous part. For accounts that have zero ending balance the entrv should be the balance date and Prepare the stockholders' equity section of the balance sheet at December 31, 2025. (Enter account name only and do not provide dacouintha ladann-tha- 1 Calculate the piyout 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 ploces for per unit and percentoge, es. 17.50 or 17.50x i Paryoutratio Earning per share Feturn on cormon stockholders' cquity