Common stockholders' profitability analysis

A company reports the following:

Line Item Description Amount

Net income $$1,225,000$

Preferred dividends $47,800$

Average stockholders' equity $8,750,000$

Average common stockholders' equity $5,400,000$

Determine $($a$)$ the return on stockholders$$ equity and $($b$)$ the return on common stockholders$$ equity. Round percentages to one decimal place.

Line Item Description Percentage

a$.$ Return on stockholders$$ equity fill in the blank $1$

$\%$

b$.$ Return on common stockholders$$ equity fill in the blank $2$

$\%$