Blossom Company has $1,110,000 in assets and $1,110,000 in stockholders' equity, with 37,600 shares outstanding the entire year. It has a return on assets of 10%. During 2021, it had net income of $111,000. On January 1, 2022, it issued $408,000 in debt at 6% and immediately repurchased 18,800 shares for $408,000. Management expected that, had it not issued the debt, it would have had net income of $111,000 in 2022. Assume the company pays dividends on common stock equal to its net income each year. Also, assume the accrued interest on the debt was paid at December 31, 2022 and the company has no other debt outstanding at year-end. (a) Your answer is correct. Determine the company's net income and earnings per share for 2021 and 2022. (Ignore taxes in your computations.) (Round earnings per share to 2 decimal places, e.g. $2.66.) (b) Net income $ 2021 111000 Earnings per share $ 2.95 eTextbook and Media Your answer is partially correct. 2022 86520 4.60 Attempts: unlimited Compute the company's return on common stockholders' equity for 2021 and 2022. (Round answers to 2 decimal places, e.g. 15.25%) Return on common stockholders' equity 2021 10 % 2022 9.55 % Compute the company's debt to assets ratio for 2016 and 2017. (Round answers to O decimal places, e.g. 15%) 2016 Debt to assets ratio 2017