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\begin{tabular}{|c|c|c|c|} \hline & & 24 & 2023 \\ \hline Income Statement-partial: & & & \\ \hline Net Income & $ & 9,870 & 22,000 \\ \hline & & 1,2024 & Dec. 31, 2023 \\ \hline Balance Sheet_partial: & & & \\ \hline Total Assets & $ & 265,000 & 260,000 \\ \hline Paid-In Capital: & & & \\ \hline \begin{tabular}{c} Preferred Stock-7\%, \$13 Par Value; 45,000 shares \\ authorized, 7,000 shares issued and outstanding \end{tabular} & $ & 91,000 & 91,000 \\ \hline \begin{tabular}{l} Common Stock- $3 Par Value; 50,000 shares \\ authorized; 35,000 shares issued and outstanding \end{tabular} & & 105,000 & 105,000 \\ \hline Paid-In Capital in Excess of Par-Common & & 12,000 & 12,000 \\ \hline Retained Earnings & & 38,500 & 35,000 \\ \hline Total Stockholders' Equity & $ & 246,500 & 243,000 \\ \hline \end{tabular} Requirement 1. Compute Medina Company's earnings per share for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest cent. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) \begin{tabular}{lll} -1 & 11 & = Earnings per share \\ - & 1 & = \end{tabular} Requirement 2. Compute Medina Company's price/earnings ratio for 2024. Assume the company's market price per share of common stock is $3. Round to two decimals. Select the formula, then enter the amounts to calculate the company's price/earnings ratio for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) Price/earnings ratio = Requirement 3. Compute Medina Company's rate of return on common stockholders' equity for 2024. Assume the company paid the minimum preferred dividend during 2024. Round to the nearest whole percent. Select the formula, then enter the amounts to calculate the company's rate of return on common stockholders' equity for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.) \begin{tabular}{lll} [1 & ]= & Rate of return on common SE \\ [1) & = & % \end{tabular}