Your answer is partially correct. 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.) (Round answers to 2 decimal places, eg 17.50%) Payout ratio 53.18 % Earnings per share $ 0.86 Return on common stockholders' equity 8.53 % The stockholders' equity accounts of Swifty Corporation on January 1, 2022, were as follows Preferred Stock (7%, $100 par noncumulative, 11,000 shares authorized) $660,000 Common Stock (54 stated value, 660,000 shares authorized) 2.200,000 Paid-in Capital in Excess of Par Value-Preferred Stock 33,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,056,000 Retained Earnings 1,513,600 Treasury Stock (11.000 common shares) 88,000 During 2022. 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 Declared a 7% cash dividend on preferred stock payable November 1. 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 Dec 31 Determined that net income for the year was $515.000. Paid the dividend declared on December 1. 1 Nov