Need some help with some Accounting questions please. I will tip well for clear timely information. Only steps that I would like shown so that I can learn how to do it is:

11-7 Show calculations to support how you arrived at the dollar amount for Paid in Capital and the number of outstanding shares for After Stock Dividend and After Stock Split.

11-1 Show calculations to support how you arrived at the percentage of common stock issues, number of outstanding shares, payout ratio, earnings per share, and return on common stock equity.

11-2 Show the calculations for how you arrived at the following ratios: return on common stockholders' equity, debt to asset, the return on assets, and the payout ratio.

11-8 Show calculations to support how you arrived at the dollar amount journalized for cash dividends (January 15 and December 1), stock dividends (April 15) in addition to the ratio calculations for the payout ratio and return on common stockholders' equity.

11-5 Garcia Corporation recently hired a new accountant with extensive experience in accounting for partnerships. Because of the pressure of the new job, the accountant was unable to review what he had learned earlier about corporation accounting. During the first month, he made the following entries for the corporation's capital stock. May 2 10 15 Cash Capital Stock (Issued 7,460 shares of $12 par value common stock at $14 per share) Cash Capital Stock (Issued 10,110 shares of $18 par value preferred stock at $57 per share) Capital Stock Cash (Purchased 560 shares of common stock for the treasury at $14 per share) 104,440 104,440 576,270 576,270 7,840 7,840 On the basis of the explanation for each entry, prepare the entries that should have been made for the capital stock transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Debit Credit 11-7 Exercise 11-7 On October 31, the stockholders' equity section of Pele Company's balance sheet consists of common stock $544,800 and retained earnings $445,200. Pele is considering the following two courses of action: (1) Declaring a 6% stock dividend on the 90,800 $6 par value shares outstanding (2) Effecting a 2-for-1 stock split that will reduce par value to $3 per share. The current market price is $14 per share. Prepare a tabular summary of the effects of the alternative actions on the company's stockholders' equity and outstanding shares. Pele Company's Balance Sheet Before After Stock Action Dividend After Stock Split Stockholders' equity Paid-in capital $ $ $ $ $ $ Retained earnings Total stockholders' equity Outstanding shares 11-1 Broadening Your Perspective 11-1 The stockholders' equity section of Tootsie Roll Industries' balance sheet is shown in the Consolidated Statement of Financial Position. (Note that Tootsie Roll has two classes of common stock. To answer the following questions, add the two classes of stock together.) TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data) For the year ended December 31, 2011 2010 2009 Net product sales $528,369 $517,149 $495,592 Rental and royalty revenue 4,136 4,299 3,739 Total revenue 532,505 521,448 499,331 Product cost of goods sold 365,225 349,334 319,775 Rental and royalty cost 1,038 1,088 852 Total costs 366,263 350,422 320,627 Product gross margin 163,144 167,815 175,817 Rental and royalty gross margin 3,098 3,211 2,887 Total gross margin 166,242 171,026 178,704 Selling, marketing and administrative expenses 108,276 106,316 103,755 Impairment charges 14,000 Earnings from operations 57,966 64,710 60,949 Other income (expense), net 2,946 8,358 2,100 Earnings before income taxes 60,912 73,068 63,049 Provision for income taxes 16,974 20,005 9,892 Net earnings $43,938 $53,063 $53,157 Net earnings $43,938 $53,063 $53,157 Other comprehensive earnings (loss) (8,740) 1,183 2,845 Comprehensive earnings $35,198 $54,246 $56,002 Retained earnings at beginning of year. $135,866 $147,687 $144,949 Net earnings 43,938 53,063 53,157 Cash dividends (18,360) (18,078) (17,790) Stock dividends (47,175) (46,806) (32,629) Retained earnings at end of year $114,269 $135,866 $147,687 Earnings per share $0.76 $0.90 $0.89 Average Common and Class B Common shares 57,892 58,685 59,425 outstanding (The accompanying notes are an integral part of these statements.) CONSOLIDATED STATEMENTS OF Financial Position TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data) Assets December 31, 2011 2010 CURRENT ASSETS: Cash and cash equivalents Investments Accounts receivable trade, less allowances of $1,731 and $1,531 Other receivables Inventories: Finished goods and work-in-process Raw materials and supplies Prepaid expenses Deferred income taxes Total current assets PROPERTY, PLANT AND EQUIPMENT, at cost: Land Buildings Machinery and equipment Construction in progress LessAccumulated depreciation Net property, plant and equipment OTHER ASSETS: Goodwill Trademarks Investments Split dollar officer life insurance Prepaid expenses Equity method investment Deferred income taxes Total other assets Total assets Liabilities and Shareholders' Equity CURRENT LIABILITIES: Accounts payable Dividends payable Accrued liabilities Total current liabilities NONCURRENT LIABILITES: Deferred income taxes Postretirement health care and life insurance benefits Industrial development bonds Liability for uncertain tax positions Deferred compensation and other liabilities Total noncurrent liabilities SHAREHOLDERS' EQUITY: Common stock, $.69-4/9 par value120,000 shares authorized 36,479 and 36,057 respectively, issued Class B common stock, $.69-4/9 par value40,000 shares authorized 21,025 and 20,466 respectively, issued Capital in excess of par value Retained earnings, per accompanying statement Accumulated other comprehensive loss Treasury stock (at cost)71 shares and 69 shares, respectively Total shareholders' equity Total liabilities and shareholders' equity $78,612 10,895 41,895 3,391 $115,976 7,996 37,394 9,961 42,676 29,084 5,070 578 212,201 35,416 21,236 6,499 689 235,167 21,939 107,567 322,993 2,598 455,097 242,935 212,162 21,696 102,934 307,178 9,243 440,974 225,482 215,492 73,237 73,237 175,024 175,024 96,161 64,461 74,209 74,441 3,212 6,680 3,935 4,254 7,715 9,203 433,493 407,300 $857,856 $857,959 December 31, 2011 2010 $10,683 4,603 43,069 58,355 $9,791 4,529 44,185 58,505 43,521 26,108 7,500 8,345 48,092 133,566 47,865 20,689 7,500 9,835 46,157 132,046 25,333 25,040 14,601 14,212 533,677 114,269 (19,953) (1,992) 665,935 $857,856 505,495 135,866 (11,213) (1,992) 667,408 $857,959 TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Cash Flows (in thousands) For the year ended December 2011 31, 2010 2009 $43,938 $53,063 $53,157 19,229 194 1,267 18,279 342 522 17,862 14,000 4,400 233 320 (5,448) 3,963 (15,631) 5,106 84 (5,772) 2,022 2,146 (708) 50,390 717 (2,373) (1,447) 4,936 2,180 2,322 1,429 2,525 310 82,805 (5,899) (2,088) 455 5,203 (2,755) (12,543) 1,384 2,960 305 76,994 (16,351) (3,234) (39,252) 7,680 (51,157) (12,813) (2,902) (9,301) 8,208 (16,808) (20,831) (1,713) (11,331) 17,511 (16,364) (18,190) (18,407) (36,597) (22,881) (18,130) (41,011) (20,723) (17,825) (38,548) (37,364) 24,986 22,082 Cash and cash equivalents at beginning of year 115,976 90,990 Cash and cash equivalents at end of year $78,612 $115,976 Supplemental cash flow information Income taxes paid $16,906 $20,586 Interest paid $38 $49 Stock dividend issued $47,053 $46,683 (The accompanying notes are an integral part of these statements.) 68,908 $90,990 CASH FLOWS FROM OPERATING ACTIVITIES: Net earnings Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation Impairment charges Impairment of equity method investment Loss from equity method investment Amortization of marketable security premiums Changes in operating assets and liabilities: Accounts receivable Other receivables Inventories Prepaid expenses and other assets Accounts payable and accrued liabilities Income taxes payable and deferred Postretirement health care and life insurance benefits Deferred compensation and other liabilities Others Net cash provided by operating activities CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures Net purchase of trading securities Purchase of available for sale securities Sale and maturity of available for sale securities Net cash used in investing activities CASH FLOWS FROM FINANCING ACTIVITIES: Shares repurchased and retired Dividends paid in cash Net cash used in financing activities Increase (decrease) in cash and cash equivalents $22,364 $182 $32,538 Answer the following questions. Don't show me this message again for the assignment What is the par or stated value per share of Tootsie Roll's common stock? (Round answer to 4 decimal places, e.g. 1.2531.) Par or stated value per share $ Don't show me this message again for the assignment What percentage of Tootsie Roll's authorized common stock was issued at December 31, 2011? (Round to 0 decimal places, e.g. 17%) % Percentage of common stock issued Don't show me this message again for the assignment How many shares of common stock were outstanding at December 31, 2010, and at December 31, 2011? (Enter the answers in thousands.) 2011 2010 Number of shares outstanding Don't show me this message again for the assignment Calculate the payout ratio, earnings per share, and return on common stockholders' equity for 2011. (Round earnings per share to 2 decimal places, e.g. 15.12 and all other answers to 1 decimal places, e.g. 12.5%.) Payout ratio Earnings per share Return on common stockholders' equity % $ % Don't show me this message again for the assignment 11-2 Broadening Your Perspective 11-2 The financial statements of The Hershey Company and Tootsie Roll are presented below. THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF INCOME For the years ended December 31, 2011 2010 2009 $6,080,788 $5,671,009 $5,298,668 3,548,896 3,255,801 3,245,531 1,477,750 1,426,477 1,208,672 In thousands of dollars except per share amounts Net Sales Costs and Expenses: Cost of sales Selling, marketing and administrative Business realignment and impairment (credits) charges, net (886) 83,433 82,875 Total costs and expenses 5,025,760 4,765,711 4,537,078 Income before Interest and Income Taxes 1,055,028 905,298 761,590 92,183 96,434 90,459 962,845 808,864 671,131 333,883 299,065 235,137 $628,962 $509,799 $435,994 Net Income Per ShareBasic Class B Common Stock $2.58 $2.08 $1.77 Net Income Per ShareDiluted Class B Common Stock $2.56 $2.07 $1.77 Net Income Per ShareBasic Common Stock $2.85 $2.29 $1.97 Net Income Per ShareDiluted Common Stock $2.74 $2.21 $1.90 $1.3800 $1.2800 $1.1900 1.2500 1.1600 1.0712 Interest expense, net Income before Income Taxes Provision for income taxes Net Income Cash Dividends Paid Per Share: Common Stock Class B Common Stock The notes to consolidated financial statements are an integral part of these statements and are included in the Hershey's 2011 Annual Report, available at www.thehersheycompany.com. THE HERSHEY COMPANY CONSOLIDATED BALANCE SHEETS December 31, In thousands of dollars ASSETS Current Assets: 2011 2010 Cash and cash equivalents $693,686 $884,642 Accounts receivabletrade 399,499 390,061 Inventories 648,953 533,622 Deferred income taxes 136,861 55,760 Prepaid expenses and other 167,559 141,132 2,046,558 2,005,217 1,559,717 1,437,702 Goodwill 516,745 524,134 Other Intangibles 111,913 123,080 38,544 21,387 Other Assets 138,722 161,212 Total assets $4,412,199 $4,272,732 Accounts payable $420,017 $410,655 Accrued liabilities 612,186 593,308 1,899 9,402 Short-term debt 42,080 24,088 Current portion of long-term debt 97,593 261,392 1,173,775 1,298,845 1,748,500 1,541,825 617,276 494,461 3,539,551 3,335,131 Total current assets Property, Plant and Equipment, Net Deferred Income Taxes LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities: Accrued income taxes Total current liabilities Long-term Debt Other Long-term Liabilities Total liabilities Commitments and Contingencies Stockholders' Equity: The Hershey Company Stockholders' Equity Preferred Stock, shares issued: none in 2011 and 2010 Common Stock, shares issued: 299,269,702 in 2011 and 299,195,325 in 2010 299,269 299,195 60,632 60,706 490,817 434,865 4,699,597 4,374,718 (4,258,962) (4,052,101) (442,331) (215,067) 849,022 902,316 23,626 35,285 872,648 937,601 $4,412,199 $4,272,732 Class B Common Stock, shares issued: 60,632,042 in 2011 and 60,706,419 in 2010 Additional paid-in capital Retained earnings TreasuryCommon Stock shares, at cost: 134,695,826 in 2011 and 132,871,512 in 2010 Accumulated other comprehensive loss The Hershey Company stockholders' equity Noncontrolling interests in subsidiaries Total stockholders' equity Total liabilities and stockholders'equity THE HERSHEY COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS For the years ended December 31, 2011 2010 2009 $628,962 $509,799 $435,994 215,763 197,116 182,411 Stock-based compensation expense, net of tax of $15,127, $17,413 and $19,223, respectively 28,341 32,055 34,927 Excess tax benefits from stock-based compensation (13,997) (1,385) (4,455) In thousands of dollars Cash Flows Provided from (Used by) Operating Activities Net income Adjustments to reconcile net income to net cash provided from operations: Depreciation and amortization Deferred income taxes Gain on sale of trademark licensing rights, net of tax of $5,962 33,611 (11,072) (18,654) (40,578) 60,823 Business realignment and impairment charges, net of tax of $18,333, $20,635 and $38,308, respectively 30,838 77,935 Contributions to pension plans (8,861) (6,073) (9,438) 20,329 46,584 (13,910) 74,000 90,434 37,228 13,777 293,272 580,867 901,423 1,065,749 (323,961) (179,538) (126,324) (23,606) (21,949) (19,146) (54,457) Changes in assets and liabilities, net of effects from business acquisitions and divestitures: Accounts receivabletrade Inventories Accounts payable Other assets and liabilities Net Cash Provided from Operating Activities (115,331) 7,860 (205,809) Cash Flows Provided from (Used by) Investing Activities Capital additions Capitalized software additions Proceeds from sales of property, plant and equipment 312 2,201 10,364 Proceeds from sales of trademark licensing rights 20,000 Business acquisitions (5,750) Net Cash (Used by) Investing Activities (333,005) (199,286) (15,220) (150,326) Cash Flows Provided from (Used by) Financing Activities Net change in short-term borrowings Long-term borrowings Repayment of long-term debt 10,834 1,156 249,126 348,208 (256,189) (71,548) (458,047) (8,252) Proceeds from lease financing agreement Cash dividends paid Exercise of stock options Excess tax benefits from stock-based compensation 47,601 (304,083) (283,434) (263,403) 184,411 92,033 28,318 13,997 1,385 4,455 10,199 7,322 Contributions from noncontrolling interests in subsidiaries Repurchase of Common Stock (384,515) (169,099) (9,314) Net Cash (Used by) Financing Activities (438,818) (71,100) (698,921) (Decrease) Increase in Cash and Cash Equivalents (190,956) 631,037 216,502 884,642 253,605 37,103 $693,686 $884,642 $253,605 Interest Paid $97,892 $97,932 $91,623 Income Taxes Paid 292,315 350,948 252,230 Cash and Cash Equivalents as of January 1 Cash and Cash Equivalents as of December 31 TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Earnings, Comprehensive Earnings and Retained Earnings (in thousands except per share data) For the year ended December 31, 2011 2010 2009 $528,369 $517,149 $495,592 4,136 4,299 3,739 Total revenue 532,505 521,448 499,331 Product cost of goods sold 365,225 349,334 319,775 1,038 1,088 852 Net product sales Rental and royalty revenue Rental and royalty cost Total costs 366,263 350,422 320,627 Product gross margin 163,144 167,815 175,817 3,098 3,211 2,887 Total gross margin 166,242 171,026 178,704 Selling, marketing and administrative expenses 108,276 106,316 103,755 14,000 57,966 64,710 60,949 2,946 8,358 2,100 Earnings before income taxes 60,912 73,068 63,049 Provision for income taxes 16,974 20,005 9,892 Net earnings $43,938 $53,063 $53,157 Net earnings $43,938 $53,063 $53,157 1,183 2,845 $35,198 $54,246 $56,002 $135,866 $147,687 $144,949 43,938 53,063 53,157 Cash dividends (18,360) (18,078) (17,790) Stock dividends (47,175) (46,806) (32,629) Rental and royalty gross margin Impairment charges Earnings from operations Other income (expense), net Other comprehensive earnings (loss) Comprehensive earnings Retained earnings at beginning of year. Net earnings Retained earnings at end of year Earnings per share Average Common and Class B Common shares outstanding (8,740) $114,269 $135,866 $147,687 $0.76 $0.90 $0.89 57,892 58,685 59,425 (The accompanying notes are an integral part of these statements.) CONSOLIDATED STATEMENTS OF Financial Position TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES (in thousands except per share data) Assets December 31, 2011 2010 $78,612 $115,976 Investments 10,895 7,996 Accounts receivable trade, less allowances of $1,731 and $1,531 41,895 37,394 3,391 9,961 Finished goods and work-in-process 42,676 35,416 Raw materials and supplies 29,084 21,236 5,070 6,499 578 689 212,201 235,167 21,939 21,696 Buildings 107,567 102,934 Machinery and equipment 322,993 307,178 2,598 9,243 455,097 440,974 LessAccumulated depreciation 242,935 225,482 Net property, plant and equipment 212,162 215,492 73,237 73,237 175,024 175,024 96,161 64,461 CURRENT ASSETS: Cash and cash equivalents Other receivables Inventories: Prepaid expenses Deferred income taxes Total current assets PROPERTY, PLANT AND EQUIPMENT, at cost: Land Construction in progress OTHER ASSETS: Goodwill Trademarks Investments Split dollar officer life insurance 74,209 74,441 Prepaid expenses 3,212 6,680 Equity method investment 3,935 4,254 Deferred income taxes 7,715 9,203 433,493 407,300 $857,856 $857,959 Total other assets Total assets Liabilities and Shareholders' Equity December 31, 2011 2010 CURRENT LIABILITIES: Accounts payable $10,683 $9,791 4,603 4,529 Accrued liabilities 43,069 44,185 Total current liabilities 58,355 58,505 Deferred income taxes 43,521 47,865 Postretirement health care and life insurance benefits 26,108 20,689 Industrial development bonds 7,500 7,500 Liability for uncertain tax positions 8,345 9,835 48,092 46,157 133,566 132,046 Common stock, $.69-4/9 par value120,000 shares authorized36,479 and 36,057 respectively, issued 25,333 25,040 Class B common stock, $.69-4/9 par value40,000 shares authorized21,025 and 20,466 respectively, issued 14,601 14,212 533,677 505,495 Dividends payable NONCURRENT LIABILITES: Deferred compensation and other liabilities Total noncurrent liabilities SHAREHOLDERS' EQUITY: Capital in excess of par value Retained earnings, per accompanying statement 114,269 135,866 Accumulated other comprehensive loss (19,953) (11,213) (1,992) (1,992) Treasury stock (at cost)71 shares and 69 shares, respectively Total shareholders' equity 665,935 $857,856 Total liabilities and shareholders' equity 667,408 $857,959 TOOTSIE ROLL INDUSTRIES, INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF Cash Flows (in thousands) For the year ended December 31, 2011 2010 2009 $43,938 $53,063 $53,157 19,229 18,279 17,862 14,000 4,400 194 342 233 1,267 522 320 (5,448) 717 CASH FLOWS FROM OPERATING ACTIVITIES: Net earnings Adjustments to reconcile net earnings to net cash provided by operating activities: Depreciation Impairment charges Impairment of equity method investment Loss from equity method investment Amortization of marketable security premiums Changes in operating assets and liabilities: Accounts receivable Other receivables Inventories 3,963 (15,631) (2,373) (1,447) (5,899) (2,088) 455 Prepaid expenses and other assets 5,106 4,936 5,203 84 2,180 (2,755) (5,772) 2,322 (12,543) Postretirement health care and life insurance benefits 2,022 1,429 1,384 Deferred compensation and other liabilities 2,146 2,525 2,960 310 305 50,390 82,805 76,994 (16,351) (12,813) (20,831) (3,234) (2,902) (1,713) (39,252) (9,301) (11,331) 8,208 17,511 Accounts payable and accrued liabilities Income taxes payable and deferred Others Net cash provided by operating activities (708) CASH FLOWS FROM INVESTING ACTIVITIES: Capital expenditures Net purchase of trading securities Purchase of available for sale securities Sale and maturity of available for sale securities Net cash used in investing activities 7,680 (51,157) (16,808) (16,364) Shares repurchased and retired (18,190) (22,881) (20,723) Dividends paid in cash (18,407) (18,130) (17,825) Net cash used in financing activities (36,597) (41,011) (38,548) Increase (decrease) in cash and cash equivalents (37,364) 24,986 22,082 Cash and cash equivalents at beginning of year 115,976 90,990 68,908 Cash and cash equivalents at end of year $78,612 $115,976 $90,990 CASH FLOWS FROM FINANCING ACTIVITIES: Supplemental cash flow information Income taxes paid $16,906 $20,586 $22,364 $38 $49 $182 $47,053 $46,683 $32,538 Interest paid Stock dividend issued (The accompanying notes are an integral part of these statements.) Don't show me this message again for the assignment Based on the information in these financial statements, compute the 2011 return on common stockholders' equity, debt to assets ratio, and return on assets for each company. (Round answers to 1 decimal places, e.g. 15.2%.) Hershey Company Tootsie Roll Return on common stockholders' equity % % Debt to assets % % Return on assets % % Don't show me this message again for the assignment Compute the payout ratio for each company. Which pays out a higher percentage of its earnings? (Round answers to 1 decimal places, e.g. 15.2%.) Hershey Company Payout ratio Tootsie Roll % % Which pays out a higher percentage of its earnings? pays out a higher percentage of its earnings. Don't show me this message again for the assignment 11-5 Problem 11-5A Pringle Corporation has been authorized to issue 19,700 shares of $100 par value, 6%, noncumulative preferred stock and 1,059,500 shares of no-par common stock. The corporation assigned a $4 stated value to the common stock. At December 31, 2014, the ledger contained the following balances pertaining to stockholders' equity. Preferred Stock $147,500 Paid-in Capital in Excess of Par ValuePreferred Stock 20,350 Common Stock 2,200,000 Paid-in Capital in Excess of Stated Value Common Stock 1,646,000 Treasury Stock (3,290 common shares) 46,060 Retained Earnings 84,900 The preferred stock was issued for $167,850 cash. All common stock issued was for cash. In November 3,290 shares of common stock were purchased for the treasury at a per share cost of $14. No dividends were declared in 2014. Don't show me this message again for the assignment Prepare the journal entries for the following. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) (1) Issuance of preferred stock for cash. (2) Issuance of common stock for cash. (3) Purchase of common treasury stock for cash. Don't show me this message again for the assignment Show List of Accounts Link to Text Link to Text Link to Text Prepare the stockholders' equity section of the balance sheet at December 31, 2014. PRINGLE CORPORATION Partial Balance Sheet December 31, 2014 $ $ $ : $ 11-8 Problem 11-8A On January 1, 2014, Everett Corporation had these stockholders' equity accounts. Common Stock ($10 par value, 69,200 shares issued and outstanding) $692,000 Paid-in Capital in Excess of Par Value 480,900 Retained Earnings 653,100 During the year, the following transactions occurred. Jan. 15 Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 10% stock dividend to stockholders of record on April 30, distributable May 15. On April 15, the market price of the stock was $15 per share. May 15 Issued the shares for the stock dividend. Dec. 1 Declared a $0.60 per share cash dividend to stockholders of record on December 15, payable January 10, 2015. Dec. 31 Determined that net income for the year was $413,000. Don't show me this message again for the assignment Journalize the transactions. (Record entries in the order displayed in the problem statement. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit (To close net income) (To close stock dividends) (To close cash dividends) Don't show me this message again for the assignment Show List of Accounts Link to Text Enter the beginning balances and post the entries to the stockholders' equity Taccounts. (Post entries in the order of journal entries posted in the previous part) Common Stock Retained Earnings Paid-in Capital in Excess of Par Value Cash Dividends Common Stock Dividends Distributable Stock Dividends Don't show me this message again for the assignment Show List of Accounts Link to Text Link to Text Prepare the stockholders' equity section of the balance sheet at December 31. EVERETT CORPORATION Partial Balance Sheet December 31, 2014 $ $ Don't show me this message again for the assignment Show List of Accounts Link to Text Link to Text Link to Text Calculate the payout ratio and return on common stockholders' equity. (Round answers to 1 decimal place, e.g. 12.5%.) Payout ratio % Return on common stockholders' equity %