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The stockholders' equity accounts of Riverbed Corpon January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,350 shares authorized) Common Stock ($5

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The stockholders' equity accounts of Riverbed Corpon January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,350 shares authorized) Common Stock ($5 stated value, 291,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,350 common shares) $261,000 1.212,500 13,050 465,600 710,000 34,800 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,670 shares of common stock for $28,020. Mar. 20 Purchased 2,000 additional shares of common treasury stock at $8 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2017 Dec. 31 Determined that net income for the year was $280,400. Paid the dividend declared on December 1. Journalize the transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts Round answers to 0 decimal places, eg. 5,275.) Joumalize the transactions Date Account Titles and Explanat Credit Pain Capital in Mar. 20 Treasury Stod Oct 1 Dividends Dividenda Payable Not Olvidends Payable Onande Didends Peon Income Summa Ratatoed karaings To record core) Deca Monday Tud o dends) 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 RIVERBED CORP Partial Balance Sheet eTextbook and Media List of Accounts X Your answer is incorrect. 3266 Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Round earnings per Share to 2 decimal places, and all other answers to 1 decimal place 17.5%) Payout ratio Earnings per share Return on common stockholders' equity

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