Assume that the company issued $1,400,000 of common shares at the beginning of 2024 and paid off the long-term debt. By repaying the long-term debt and not incurring any interest expense, the company's net income increased by $69,000. i. What would the return on common shareholders' equity be? (Hint: remember that shareholders' equity is affected by net income.) (Round answer to 1 decimal place, e.g. 15.2\%.) Return on common shareholders' equity % eTextbook and Media List of Accounts Attempts: 1 of 3 used Current Attempt in Progress Sandhill Corporation's statement of financial position at December 31,2024 , appears as follows: For the year just ended, Sandhill reported net income of $577,500. During the year, the company declared preferred dividends of $50,254 and common dividends of $348,221