The stockholders' equity accounts of Marigold Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 9,500 shares authorized) Common Stock ($4 stated value, 570,000 shares authorized) $570,000 1,900,000 Paid-in Capital in Excess of Par Value-Preferred Stock 28,500 912,000 1,307,200 76,000 Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (9,500 common shares) During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Issued 9,500 shares of common stock for $57,000. Purchased 1,900 additional shares of common treasury stock at $7 per share. Oct. Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 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 Dec. 1 Dec. 31 Determined that net income for the year was $532,000. 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 entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Round answers to 0 decima Account Titles and Explanation Date Debit Credit (To record net income) (To record net income) (To close cash dividends) (To record payment of cash dividends payable) SHOW LIST OF ACCOUNTS LNK TEXT Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. (Post e for the amount.) Preferred Stock Common Stock Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Cash Dividends Treasury Stock SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Prepare the stockholders equity section of the balance sheet at December 31, 2022. MARIGOLD CORP. Partial Balance Shoat SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO VIDEO Calculate the payout ratio, earnings per share, and return on commen stockholders' equity. (Note: Lise the common shares outstanding on lanuary 1 and December 31 to determine the average shares outstanding.) (Round answers to 2 decimal pla Paryout ratio Earnings per share outurn on common stockholders quity