This question has 4 part. The stockholders equity accounts of Pina Colada Corp. on January 1, 2017, were as follows.

Preferred Stock ( 7%, $ 100 par noncumulative, 5,000 shares authorized)		$ 300,000
Common Stock ($ 4 stated value, 300,000 shares authorized)		1,000,000
Paid-in Capital in Excess of Par ValuePreferred Stock		15,000
Paid-in Capital in Excess of Stated ValueCommon Stock		480,000
Retained Earnings		694,000
Treasury Stock ( 5,000 common shares)		40,000

During 2017, the corporation had the following transactions and events pertaining to its stockholders equity.

Feb.	1		Issued 5,000 shares of common stock for $ 30,000.
Mar.	20		Purchased 1,000 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 $ 0.65 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 $ 276,600. Paid the dividend declared on December 1.

PART B : Enter the beginning balances in the accounts and post the journal entries to the stockholders equity accounts.

PART C: Prepare the stockholders equity section of the balance sheet at December 31, 2017. PART D: Calculate the payout ratio, earnings per share, and return on common stockholders equity