Dec. $1$ Declared a $$\mathrm{.}50$ per share cash dividend to ocmmon stockholder of record on December $15,$ payable December $31,2025.$ The stockholders' equity accounts of Bramble Corp. on January $1,2025,$ were as follows.

During $2025,$ 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\mathrm{.}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 $1.$

$($a$)$

Journalize the transactions. $($Include entries to close net income and dividends to Retained Earnings.$)($Record entries in the order Enter the beginning balances in the accounts and post the journal entries to the stockholders' equity accounts. $($Post entries in the

order of journal entries recorded in the previous part. For accounts that have zero ending balance, the entry should be the balance date and

zero for the amount on the normal side of the account.$)$

Paid$-$in Capital in Excess of Par$-$Preferred Stock

Common Stock $($c$)$

Prepare the stockholders' equity section of the balance sheet at December $31,2025.($Enter account name only and do not provide

descriptive information.$)$

BRAMBLE CORP.

Partial Balance Sheet $($d$)$

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 for

per unit and percentage, e$.$g$.17\mathrm{.}50$ or $17\mathrm{.}50\%.)$

Payout ratio

$\%$

Earnings per share

Return on common stockholders' equity

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List of Accounts