The stockholders equity accounts of Miley Corporation on January 1, 2014, were as follows.

Preferred Stock (8%, $100 par noncumulative, 5,400 shares authorized)		$324,000
Common Stock ($4 stated value, 294,700 shares authorized)		943,040
Paid-in Capital in Excess of Par ValuePreferred Stock		12,960
Paid-in Capital in Excess of Stated ValueCommon Stock		471,520
Retained Earnings		684,300
Treasury Stock(5,400 common shares)		43,200

During 2014, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb. 1		Issued 5,300 shares of common stock for $37,100.
Mar. 20		Purchased 1,430 additional shares of common treasury stock at $9 per share.
Oct. 1		Declared a 8% cash dividend on preferred stock, payable November 1.
Nov. 1		Paid the dividend declared on October 1.
Dec. 1		Declared a $0.60 per share cash dividend to common stockholders of record on December 15, payable December 31, 2014.
		Dec 31 Determined that net income for the year was $277,600. Paid the dividend declared on December 1. A.) Journalize the transactions (include net income and dividends to retained earnings B.) Enter the beginning balances in the accounts and post the journal entries to the stockholders equity (T-account) C. Prepare the stockholders equity section of the balance sheet at Dec. 31 2014. D.) Calculate the payout ratio, earnings per share and return on common stockholders' equity. (common share outstanding on Jan. 1 and Dec. 31 to determine the average shares outstanding)