The stockholders' equity accounts of Swifty Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,000 shares authorized) Common Stock ($4 stated value, 660,000 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 (11,000 common shares) $660,000 2,200,000 33,000 1,056,000 1,513,600 88,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 11,000 shares of common stock for $66,000. Mar. 20 Purchased 2,200 additional shares of common treasury stock at $7 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 $0.50 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 $515,000. 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 w Account Titles and Explanation Debit Credit Date Feb. 1 # Cash 66,000 Common Stock 44000 Paid-in Capital in Excess of Stated Value-Coi 22000 Mar. 20 Treasury Stock 15400 Cash 15400 Cash Dividends 46200 Dividends Payable 46200 Nov. 1 + Dividends Payable 46200 Cash 46200 Dec. 1 Cash Dividends Dividends Payable Dec 31 $ Income Summary 515.000 515,000 Retained Earnings (To record net income) Retained Earnings Dec. 31. Cash Dividends (To close cash dividends) Dividends Payable Dec 31 Cash (To record payment of cash dividends payable) Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. Preferred Stock Common Stock 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 Prepare the stockholders' equity section of the balance sheet at December 31, 2017 SWIFTY CORPORATION Partial Balance Sheet e Textbook and Media List of Accounts Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (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