The stockholders’ equity accounts of Bramble Corp. on January 1,2017, were as follows.

Preferred Stock (7%, $100 par noncumulative, 14,000 sharesauthorized)		$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 andevents pertaining to its stockholders’ equity.

Feb.	1		Issued 14,000 shares of commonstock for $84,000.
Mar.	20		Purchased 2,800 additional sharesof common treasury stock at $7 per share.
Oct.	1		Declared a 7% cash dividend onpreferred stock, payable November 1.
Nov.	1		Paid the dividend declared onOctober 1.
Dec.	1		Declared a $0.50 per share cashdividend to common stockholders of record on December 15, payableDecember 31, 2017.
Dec.	31		Determined that net income for the year was $785,000. Paid thedividend declared on December 1. Calculate the payout ratio, earnings per share, and return oncommon stockholders’ equity. (Round earning per shareto 2 decimal places, e.g. $2.66 and all other answers to 1 decimalplace. 17.5%.) Payout ratio enter percentages rounded to 1 decimal place % Earnings per share $enter a dollar amount rounded to 2 decimal places Return on common stockholders’ equity enter percentages rounded to 1 decimal place %