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The stockholders' equity accounts of Martinez Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 5.000 shares authorized) $300,000 Common

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The stockholders' equity accounts of Martinez Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 5.000 shares authorized) $300,000 Common Stock ($4 stated value, 300,000 shares authorized) 1,000,000 Paid-in Capital in Excess of Par Value-Preferred Stock 15,000 Paid-in Capital in Excess of Stated Value-Common Stock 480,000 Retained Earnings 689,000 Treasury Stock (5,000 common shares) 40,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Nov. 1 Issued 5,000 shares of common stock for $30,000. Purchased 1,000 additional shares of common treasury stock at $8 per share. 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, 2022 Paid the dividend declared on December 1. Dec. 1 Dec. 31 ock d Stock $ 300,000 Stock 1,020,000 pital Stock $ 1,320,000 I Paid-in Capital Capital in Excess of Par Value-Preferred Stock 15,000 Capital in Excess of Stated Value-Common Stock 490,000 ditional Paid-in Capital 505,000 Id-in Capital 1.825.000 1 Earnings 878,500 id-in Capital and Retained Earnings 2,703,500 Treasury Stock 48000 ockholders' Equity $ 2,655,500 ITIVUL CRECIEU TOT CULTURAISCELIUME U LYURY FUCRIURE WUSTEUULGI Assets Liabilities Cash Div. Pay. Common Stock (a) Bal. $ 1,000,000 (b) Feb. 1 30,000 20,000 Mar. 20 -8,000 Oct. 1 21.000 Nov. 1 -21,000 -21,000 Dec. 1 124,500 Dec. 31 -124,500 -124,500 Attempts: 2 of 2 used Using multiple attempts has impacted your score. 25% score reduction after attempt 1 www. amount entered for the particular Asset, Liability or Equity item that was reduced.) Paid-in-Capital PIC in Excess of Stated Value Com PIC in Excess of Par Value Pref. Stock Pref. Treasui 480,000 300,000 15.000 10,000 Attempts: 2 of 2 used Using multiple attempts has impacted your score. 25% score reduction after attempt 1 www. amount entered for the particular Asset, Liability or Equity item that was reduced.) ockholders' Equity Retained Earnings y Stock Revenue Expense Dividend -40.000 -8,000 -21.000 -124,500 Attempts: 2 of 2 used Using multiple attempts has impacted your score. 25% score reduction after attempt 1 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 earning per share to 2 decimal places, e.3. $2.66 and all other answers to 1 decimal place. 17.5%) Payout ratio % Earnings per share Return on common stockholders' equity %

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