Average Common Stockholders' Equity, Return on Stockholders' Equity

Rebert Inc. showed the following balances for last year:

January 1 December 31 Stockholders' equity: Preferred stock, $100 par, 8% . $ 4,000,000 $ 4,000,000 Common stock, $3 par 3,000,000 3,000,000 Additional paid-in capital* 4,800,000 4,800,000 Retained earnings 4,000,000 4,250,000 Total stockholders' equity $15,800,000 $16,050,000 * For common stock only.

Rebert's net income for last year was $3,182,000.

Required:

1. Calculate the average common stockholders' equity. $______

2. Calculate the return on stockholders' equity.

%_____