Wilco Company reports the following: Retained Earnings Common Stock Paid-in Capital Net Income for year Dividend payout ratio for 2005 was: 22.2%. 27% 12% 2005 $2,000,000 $ 500,000 $3,000,000 $ 900,000 O Not determinable 2004 $1,300,000 $ 500,000 $3,000,000 $ 400,000