The stockholders' equity accounts of Riverbed Corp on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Pald-in Capital in Excess of Par Value-Preferred Stock Pald-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (5,000 common shares) $300,000 1,000,000 15,000 480,000 710,000 40,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Mar. 20 Oct. 1 Nov. 1 Dec. Dec. 31 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 $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017 Paid the dividend declared on December 1. 1 (a) Prepare a tabular summary that includes the January 1, 2017, balances. Do not include the beginning balance in Retained Earnings in the tabular su (b) Record the 2017 transactions in the tabular summary. (Round answers to o decimal places, e.g. 5,275. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place an front of the amount entered for the particular Asset, Liability or Equity Item that was reduced.) Assets Liabilities Stockholders' Equity Paid-in-Capital PIC in Excess of Stated Value Com. PIC in Excess of Par Value Pref. Cash Common Stock Div. Pay. + Treasury Stock Pref. Stock + + Revenue CALCULATOR PRINTER VERSION Prepare the stockholders' equity section of the balance sheet at December 31, 2017. Include 2017 net income of $280,400 as an increase to the January 1, 2017, Retained Earnings. RIVERBED CORP Partial Balance Sheet December 31, 2017 Stockholders' Equity Paid-in Capital Capital Stock Common Stock 1020000 300000 Preferred Stock 1320000 Total Stockholders' Equity Additional Paid in Capital 500000 Common Stock 15000 Preferred Stock 515000 Total Additional Paid in Capital 1835000 Total Pald-in Capital 531290 Retained Earnings 2366290 Total Paid-in Capital and Retained Earnings 48000 Less Treasury Stock Total Stockholders' Equity 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, eg. $2.66 and all other answers to 1 decimal place. 17.5%) Payout ratio Earnings per share $ Return on common stockholders' equity Click if you would like to show Work for this questioni O Show Work SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TENY LINK TO TEXT Dustin Arama of 3 used