On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts. Common Stock ($10 par value, 70,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $700,000 500,000 617,000 During 2020, the following transactions occurred. Jan. 15 Declared and paid a $1.05 cash dividend per share to stockholders. Declared and paid a 10% stock dividend. The market price of the stock was $14 per share. Reacquired 1,800 common shares at a market price of $16 per share. Apr. 15 May 15 Reissued 900 shares held in treasury at a price of $18 per share. Determined that net income for the year was $377,000. Nov. 15 Dec. 31 Journalize the above transactions. (Include entries to close net income to Retained Earnings.) (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) Debit Credit Account Titles and Explanation Date Determine the ending balances for Paid-in Capital, Retained Earnings, and Stockholders' Equity. Ending balances Paid-in Capital 24 Retained Earnings 24 Stockholders' Equity 24 Calculate the payout ratio and the return on common stockholders' equity. (Round answers to 2 decimal places, e.g. 52.75%.) Payout ratio Return on common stock equity ratio