2021 Litehouse Incorporated reported the following selected information: 2022 Weighted average number of common shares 75,000 Net income $450,000 Preferred share dividends $50,000 Common shareholders' equity $3,500,000 Dividends declared per share $2.50 Market price per share $30.00 73,500 $410,500 $34,500 $3,300,000 $2.40 $32.50 Instructions Calculate the following ratios for 2022 and 2021 respectively: (a) Basic earnings per share (2 marks) (b) Return on common shareholders' equity (assume 2020 common shareholders' equity of $3,250,000) (2 marks) (c) Dividend yield (2 marks) (d) Payout ratio (2 marks) NOTE* You are to complete the questions above on appropriate separate document(s). Acceptange formats include: word document, excel documents, documents written by hand (scanned and uploaded as a pdf or jpeg file), or any template you have access to that fulfils the question requirements. You will then upload this or 'drag and drop the file(s) into the upload box at the bottom of this question box