Exercise 11-16 a1 The following financial information is available for Ayayai Corporation. 2022 $2,500 2021 $2,550 (in millions) Average common stockholders' equity Dividends declared for common stockholders Dividends declared for preferred stockholders Net income 295 594 40 40 500 550 Calculate the payout ratio and return on common stockholders' equity for 2022 and 2021. (Round answers to 1 decimal place, e.g. 12.5%) 2022 2021 Payout ratio Return on common stockholders' equity LINK TO TEXT LINK TO VIDEO Exercise 11-10 (Part Level Submission) Whispering Winds Corp. was organized on January 1, 2021. During its first year, the corporation issued 2,000 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock. At December 31, the company declared the following cash dividends: 2021, $5,300; 2022, $12,400; and 2023, $29,800. (a) Your answer is correct. Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 6% and noncumulative. (Do not leave any answer field blank. Enter o for amounts.) al vided Allocation to preferred stock Reminder to common stock WINT OF ACCOUNTS SWANS Attempts of use (b) Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 7% and cumulative. (Do not leave any answer field blank. Enter o for amounts.) 3031 2022 Total dividend Allection to preferred stock Reminder to common stock (c) The parts of this question must be completed in order. This part will be available when you complete the part above