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)

The stockholders' equity accounts of Sarasota Corp. on January 1, 2025, were as follows. Preferred Stock (7 %, $100 par noncumulative, 3,000 shares authorized) $180,000 Common Stock ($4 stated value, 180,000 shares authorized) 600,000 Paid-in Capital in Excess of Par-Preferred Stock 9,000 Paid-in Capital in Excess of Stated Value-Common Stock 288,000 Retained Earnings 412,800 Treasury Stock (3,000 common shares) 24,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 3,000 shares of common stock for $18,000. Mar. 20 Purchased 600 additional shares of common treasury stock at $7 per share. Oct. 1 Nov. 1 Dec. 1 Dec. 31 Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 2 Determined that net income for the year was $170,000. Paid the dividend declared on December 1