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The stockoiders' equity accounts of Flint Corporation on January 2,2025, were as follows: During 2025, the corporation had the following transactions and events pertaining to
The stockoiders' equity accounts of Flint Corporation on January 2,2025, were as follows: During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb: 1: Issued 9,000 shares of commonstock for 554,000 Mar, 20 Purchased 1.800 additional shares of common trearury stockat 57 per share. Oct. 1. Declareda 7 cash dividend on preferred stock, payable November 1 . Nov 1 Paid the dividend declared on Detober 1 Dec 1 Declared a 50 So per share cash dividend to common stocitholders of fecord on Decamber 15 , payable December 312 Dec 31 Determined that net income for the year was 5505,000 . Paid the dividend declared on December 1 Journalize the traneactions. (Include entries to close net income and dividends to Retained Eamings) (Recond entries in the order entry is roquirech, selott "No Entor" for the account tities and enter O for the amounts List alif debit entrias before credit entries) Enter the begioning balances in the acrounts and post the journal entries to the stockolders' equity accounts. Pest entries in the arder of ioumal entsies recordad ini the provoos port, For ocepwents that hitw wove ending kalgnce, the entry shoulf be the bolance dote and Iero for the amourit on the normal shide of the account) Prepare the stocknolders' equity section of the balance shect at December 31. 202.5. IEnter aceount name only and do not provkle descriptive information.] 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) (Recund ansmers bo 2 decinal places for per unit and percantage, es 1750 or 1750N
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