2019	2020				2019	2020
Cash		$2,000	$1,600		Accounts payable		$4,000	$3,500
Accounts receivable		$4,200	$4,500		Utilities payable		$800	$1,500
Inventory		$2,600	$4,000		Salaries payable		$2,200	$2,600
Prepaid rent		$800	$500		Notes payable		$10,000	$9,000
Equipment		$24,000	$24,000		Interest payable		$600	$900
Accum. depreciation		($2,200)	($2,800)		Common stock		$18,000	$18,000
Land		$10,000	$6,500		Retained earnings		$5,800	$2,800
		$41,400	$38,300				$41,400	$38,300

If $10,000 was paid in dividends during 2020, what was the company's approximate return on equity?

A. 33.6%

B. 31.4%

C. 44.8%

D. 33.7%

E. 48.1%