The stockholders' equity accounts of Riverbed Corp on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 15,000 shares authorized) $900,000 Common Stock ($4 stated value, 900,000 shares authorized) 3,000,000 Paid-in Capital in Excess of Par Value-Preferred Stock 45,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,440,000 Retained Earnings 2,064,000 Treasury Stock (15,000 common shares) 120,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. 1 Dec. 31 Issued 15,000 shares of common stock for $90,000. Purchased 3,000 additional shares of common treasury stock at $7 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. Determined that net income for the year was $820,000. 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 order displa amounts. Round answers to 0 decimal places, e.g. 5,275.) Date Account Titles and Explanation Debit Credit (To record net income) (To close cash dividends) (To record payment of cash dividends payable) Corriman Stock Paid in Capital in the Par Valve Preferred Stock Paid in Capital incense Sta Common SHOW LIST OF ACCOUNTS LINK TO TEXT Prepare the stockhol y w on the balance sheet al December 31, 2022 Partial Balance Sheet SHOW LIST OF ACCOUNTS LINK TO TORE Calculate the payout ratio, caring pershan, and i n common ockholders ( Use the common shares outstanding on Jana Payoutatio Barning peshare Ramon common stockholders equity