- Your answer is partially correct. Complete the table. (Round earnings per share to 2 decimal places, es $2.66.) Issue Stock Issue Bonds Income before interest and taxes $1,520,000 $1,520,000 Interest expense from bonds 96,000 Income before income taxes 1,520,000 1424000 Income tax expense (35%) 532000 498400 Net income 988000 925600 Outstanding shares 740,000 620,000 Earnings per share 1,44 1.49 Show Attempt History Current Attempt in Progress The stockholders' equity accounts of Bramble Corp. on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 14,000 shares authorized) $840,000 Common Stock ($4 stated value, 840,000 shares authorized) 2,800,000 Paid-in Capital in Excess of Par Value-Preferred Stock 42,000 Paid-in Capital in Excess of Stated Value-Common Stock 1,344,000 Retained Earnings 1,926,400 Treasury Stock (14,000 common shares) 112,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 14,000 shares of common stock for $84,000. Mar. 20 Purchased 2,800 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 $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2 Dec. 31 Determined that net income for the year was $785,000. Paid the dividend declared on December 1. X Your answer is incorrect. Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Round earning per share to 2 places, es $2.66 and all other answers to 1 decimal place. 17.5%) Payout ratio Earnings per share Return on common stockholders' equity