Exercise 14-13 a-b In 2020, Pharoah Corporation had net sales of $598,000 and cost of goods sold of $358,000. Operating expenses were $151,000, and interest expense was $7,000. The corporation's tax rate is 30%. The corporation declared preferred dividends of $11,000 in 2020, and its average common stockholders' equity during the year was $210,000 Prepare an income statement for Pharoah Corporation. PHAROAH CORPORATION Compute Pharoah Corporation's return on common stockholders equity for 2020. (Round answer to 1 decimal place, e.g. 10.596.) Return on common stockholders' equity