December 31, 2021 2020 5% Cumulative preferred stock, $50 par $98000 $98000 Common stock, $10 par 143000 95000 Additional paid-in capital 82000 71000 253000 219000 Retained earnings (includes current year net income) Net income 51000 Additional information: On May 1, 2021, 4800 shares of common stock were issued. The preferred dividends were not declared during 2021. The market price of the common stock was $45 at December 31, 2021. The rate of return on common stock equity for 2021 is calculated as O 46 +429. O 51 +429. 0 51 +478. 0 46=478