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The stockholders' equity accounts of Indigo Corporation on January 1 , 2 0 2 5 , were as follows.Preferred Stock ( 7 % , $

The stockholders' equity accounts of Indigo Corporation on January 1,2025, were as follows.PreferredStock (7%, $100 par noncumulative, 10,000 shares authorized)$600,000Common stock ($4 stated value, 600,000 shared authorized)2,000,000Paid-in Capital in Excess of Par-Preferred Stock30,000Paid-in Capital in Excess of Stated Value-Common Stock960,000Retained Earnings1,376,000Treasury Stock (10,000 common shares)80,000During 2025, the corporation had the following transactions and eventpertaining to its stockholders' equity.Feb. 1 Issued 10,00 shares of common stock for $60,000Mar.20Purchased 2,000 additional shared of common treasury stock at $7 per shareOct. 1Declared a 7% cash divided on preferred stock, payable November 1Nov. 1 Paid the dividend declared on October 1Dec. 1. Declared a $0.50 per share cash dividend to common stockholders of record onDecember 15, payable December 31,20205Dec. 31. Determined that net income for the year was $550,000. Paid the dividend declared onDecember 1Find the Payout Ratio, Earnings Per share, and the return on common Stockholders' equity
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